Wednesday, June 8, 2011

Problems in the Cloud(s)

Apple recently unveiled its cloud service--effectively making its presence known in all aspects of the sector. All seems well in the Apple galaxy but there are signs of deterioration in its stock price. What is ahead for Apple !

Things are getting tenuous in the equity markets. The low of March 16th @ 1250.11 is the next pivot point to be tested. The evidence continues to suggest that the intermediate term cycle has finally turned down. Between now and June 15-18th should be interesting.

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