Swine Flu causes fear in the markets

It was another choppy day again today in the markets.  Futures pointed out to a huge drop in the opening but turned out to be not so bad.  Overall, market did not work as expected.  We will need to see what happens in the coming days to confirm where the market is going.  Still believe that we will form a head and shoulder pattern in the S&P 500 soon.  It is just a matter of time before we get there. 

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APPL

Apple looks like it has already hit bottom around the $79.00 line.

 

It is currently bouncing off the 40 week moving average.  Hopefully, by next week the stock will pull back allowing me to have the opportunity to get in.

 

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