HPQ ( Hewlett Packard) stock behaves erratic

I used to be pretty bearish ( pessimistic ) on HPQ after it fell in the fall ( fell in the fall , now thats a phrase which we can apply to the whole market in 08 ) I was pretty sure it would keep falling after some short bounces.
But HPQ came out with great earnings and raised their guidance for the next quarter.
But the stock did not jump a lot on that news. It did but not very convincingly.
Click here for the chart .
Now the chart looks good and HPQ behave good on some days but today when the markets are rallying huge, HPQ is not rallying much. The chart in my opinion says buy on a break of 37. But there is lot of resistance till it gets to 40.
I have read some lists of best stocks for 09 and HPQ is present in some of those.
But imho ( in my humble opinion ) HPQ is in a sector which will do badly. Also Dell is not the Dell of last fews years , they are trying to get the market share back. So HPQ has thet competition again.
Also HPQ's most famous products are all high end, over $1000, which are great maybe but if Apple is having a problem selling MAC's then how come HPQ has no issues.
Is HPQ so great that during this recession they actually keep doing good? I am very very skeptical. But lets give them some benefit of doubt and see how they do going forward.
Acc. to yahoo they report earnings on Feb18.