As a techy, I think the iPad is pretty cool. My eyes like it. Can it do what I want like for that I can't do with the ipod or mini PC? Probably not. It seems to be centered around multimedia, itunes and services you have to buy in order to use it. Anyway, that's another story.
But in this new video, Adam attributes the Apple's run up to the anticipation of the iPad. However, looks like Apple is losing steam now the product is out. As I write this post Apple is at $195.20 which is a 20pt reduction from it's 215 high. It's been dropping folks. Adam points out the divergence in Apple on a monthly chart. Apple has made new highs but the MACD has made lower highs. Also, refering to fibs. lines, he believe that there could be a correction down to as far as the 50% level. We will have to watch the major markets, especially the Nasdaq and S&P 500 to see if they retrace as ananlyzed in previous videos.
So, again we learned about divergence and will possibly see the affects of it on Apple.
http://www.ino.com/info/512/CD3393/&dp=0&l=0&campaignid=3
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