Tuesday, October 20, 2009

How a real bottom may look like

After Google,  Apple has delivered an excellent quarter, - hardly a surprise for those who plays with  i-phones. Hopefully this news will squeeze some shorts and  push Nasdaq Composite over 2200.
Now, I'd like to look at some long term charts. Do you know a lot of  stock market indexes which have exceeded during this rally the levels of the summer '08. It's quite simple, an airline index which has sold off hardly during the last year oil run to over $140 a barrel, so the last summer they were already in ashes.















And if we look at the long time charts? Does this look like a long term bottom is in?

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