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The AAPL bear bites the Santa rally


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#1 diogenes227

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Posted 02 January 2019 - 09:23 PM

From the link:

 

 

When a stock is priced to perfection one must remember perfection usually lasts less than the blink of an eye.

 

And it was noted in the Christmas Day post that this was likely little more than a market bounce to give some relief to the bulls in a bear market not a beacon of hope for a resumption of the bull.

 

AAPL GIVETH AND AAPL TAKETH AWAY REVISITED


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

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#2 cycletimer

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Posted 02 January 2019 - 10:06 PM

It won’t surprise me if tomorrow morning’s opening marks the capitulation low of this decline and the market forms a bullish reversal higher

#3 CLK

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Posted 02 January 2019 - 10:10 PM

It won’t surprise me if tomorrow morning’s opening marks the capitulation low of this decline and the market forms a bullish reversal higher

 

 

 

It will surprise me if it does.  Market ran into a brick wall at 2520, Feb lows is now resistance, expect two more weeks sideways from 2440 -2520, basically swing options traders will go broke. I may close all my st positions tomorrow starting with shorts on the open and longs later in the day.

 

Time, the market has wasted it here, now it has to pay the price by going nowhere.


Edited by CLK, 02 January 2019 - 10:11 PM.


#4 SemiBizz

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Posted 03 January 2019 - 12:08 AM

It won’t surprise me if tomorrow morning’s opening marks the capitulation low of this decline and the market forms a bullish reversal higher

 

134 AAPL


Edited by SemiBizz, 03 January 2019 - 12:10 AM.

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#5 cycletimer

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Posted 03 January 2019 - 09:20 AM

It wont surprise me if tomorrow mornings opening marks the capitulation low of this decline and the market forms a bullish reversal higher

 
134 AAPL
Semi,
The market in general; not AAPL. I wasnt referring to AAPL.
CT

Edited by cycletimer, 03 January 2019 - 09:20 AM.


#6 SemiBizz

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Posted 03 January 2019 - 11:06 AM

Yep, but remember when...

 

AAPL was THEE MARKET ?

 

yes.gif flowers.gif


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics