After testing its uptrend support line, RMBS bounced back strongly with decent volume today, to close above its MA50 and form a bullish reversal pattern (piercing ling). It has completely closed the gap of Feb.5. For next few days, more upside should be expected, with a near term resistance around 21.60-22.


AAPL showed extreme strength in today's bear market due to an upgrade call from Lehman brother. It closed just above its up move trendline. It will be interesting to watch if AAPL will continue to move higher or not, which will tell if todays movement is just an artifical trap set by the big guys or not. Upside resistance will be last high at 90.8, and downside support will be around 83.