Stock Market Technical Analysis Blog
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In the market today we added another day of sideways propping as the VIX continued its tap dance along the red market overbought line. AAPL, however, did get the bottom bounce off of the technicals I discussed in last night's blog for a $20 gain today. Whether or not this is THE bottom in AAPL won't likely be determined until next week's earnings when we see if all the pessimism over its declining stats are reflected in its quarterly earnings report. It's reasonable to expect this morning's bottom to hold at least until then.
Alan
