Looking at the SOX daily chart --- that was a big move down, and now trying to get off the bottom.
That 1240/50 zone is good support.
I traded SOX options a long time ago.
BULLS 3rd and LONG at their 30-yard line, can they hold on?
Started by
dTraderB
, Apr 30 2018 08:10 PM
23 replies to this topic
#22
K Wave
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Posted 01 May 2018 - 02:24 PM
1250 also happens to be right about where 200 day MA is now...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#23
K Wave
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Posted 01 May 2018 - 03:51 PM
It is starting to look a lot like AAPL has just plain stopped growing....
The only thing holding up the house of cards at this point is the big cash pile, and the promise of management wasting the whole pile buying back stock at super-inflated prices.
But as long as it holds above 165, still technically in bull mode longer term...
Edited by K Wave, 01 May 2018 - 03:54 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#24
K Wave
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Posted 01 May 2018 - 03:55 PM
Thus far, YM not able to reclaim the pivotal 24,100 level....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
