Reviews Reports Archives Search Forums Links Software Contact by Wes George Apple, Finances, Money, and Trading. Apple is ready to enjoy its most profitable Christmas season ever. It's safe to bet that we're past the fears stirred by the fourth quarter earnings and the Taiwan earthquake.
Investors believe the future is too bright to worry about yesterday's calamities.
Pass me my shades. AAPL's chart clearly shows a beautiful re-establishment of the same upwardly trending channel that it began in late March of 1999. The hope crushing decline we saw in September did not break down the formerly established uptrend. We are back on track towards triple digits with momentum, value and growth at our side as if nothing had ever happened. Meanwhile, a technical turn around in the broader markets late last week indicates that we have seen the worse that the Y2K and interest rate bears can throw at us.