Wednesday, October 17, 2007

AAPL's New High a Market Tell?

After Thursday's distribution day, I noted that we need to focus on leading momentum stocks to gauge the market's health. If these stocks could mount Thursday's losses and get back to new highs, it would signal a new leg to the bull run.

AAPL is one of the first leading mojo stocks to negate Friday's losses. I will continue to watch the leaders from my focus list to determine where the market is headed in the coming months.

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