See article below, chart defies news
http://www.zerohedge.com/article/bank-run-ivory-coast
Wednesday, 16 February 2011
Sunday, 13 February 2011
Apple is on an elevator with few pauses
Right now it appears at near its more optimistic pricing however $380 seems feasible still and I have read forward price earnings is still low teens
Wednesday, 9 February 2011
Cisco loses 10% after hours on mild results, continuing a negative trend
It may yet prove to be in a long term downtrend. Shown just prior to results here it could be seen at the top of a channel.
After hours puts it below the 200 day average shown in orange here.
Volume at $22 is extremely high making this selloff inline and not an erratic move. This point will continue to require large momentum to pass in future.
19 looks to be first support with slightly higher volume there or as low as 18. At those prices I think value hunters might move in but it seems likely to be weak for some time yet unless positive news outside results can occur perhaps
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