Tea with AK71: iPad 2.

I have been sorely tempted by the iPad and I have been looking at the Samsung Galaxy Tablet.  I am so glad I did not buy either one because the iPad 2 is coming soon! Best of all, it would not cost more than the iPad. It would be at the same price! I can imagine many who are considering a tablet would now wait for the iPad 2. Bad news for shops selling the iPads... for now, anyway.

Jobs told those gathered for the unveiling the handheld computer is not only thinner than its predecessor, it is "dramatically faster."

"It has a new chip called A5," he said. "It's dual-core, so we get twice as fast performance on the CPU and nine times better graphic performance," the Times quoted Jobs as saying.

The new tablet is 33 percent thinner than the original iPad and weighs 1.3 pounds, down from 1.5 pounds, Jobs said.

Read more: http://www.upi.com/Business_News/2011/03/02/Apple-CEO-Steve-Jobs-gets-standing-ovation/UPI-12761299093214/#ixzz1FY1FAw3t

CapitaMalls Asia: Consolidating?

All we can really say is that the downtrend has come to a halt and that price is testing gap resistance at $1.75. In fact, today, price touched a high of $1.78 before closing lower at $1.74. Traders are selling into strength amid uncertainties in the world markets.

Although an inverted black hammer is not pretty, price still closed above the support line drawn with the low of 28 Feb as the source. This is encouraging. The declining volume as price tried to move higher is the major dampener for bulls here. If this continues, we could be seeing the early days of a longer consolidation process.

Immediate support is still at $1.69 and if this breaks, we could see price moving lower. The gap resistance at $1.75 which has cracked two sessions in a row remains the immediate resistance although weakened. A realistic target upon overcoming gap resistance is $1.83, a twice tested support that gave way on 23 Feb.

Related post:
CapitaMalls Asia: Steady in a sea of red.