Market correction is due to the commodity plunge which in turn is due to the administration looking at ways to curb the speculation, just to make sure the economy is not put under the rails. Exchanges raising margin rates is part of it. May be they thought that's better than to abolish subsidies to the big oil.
Anyway, this should just be a small correction as big caps are barely moving. AAPL, AMZN, IBM...infact AMZN was up today. I'd buy a call option in AMZN right here.
Till AAPL breaks 326 or 356, there will be no breakout for the market. You will lose money by the constant chop. If you profit, then it will be in nickels and dimes.
AAPL chart click this
Edited by DrSP, 11 May 2011 - 07:02 PM.
You could be a billionaire or an industrial worker or a teacher or a moderator of a forum - Hold a good conscience because that is what matters.
