45 replies to this topic

[skott]

from Christmas eve low of Dec 2018 to this years high, SMH has 38% fib support at 124ish area where the 200 day is also located. I'd say that's a fair target

[skott]

SMH (the semiconductors) and MSFT and both sitting right on there 20's a break is the first definitive sign of weakness. AAPL which has been flattening out for a while has already clearly broken below the  20 day. When the generals start leading down....... the soldiers follow. Market of hot air.  A look at SPCE says it all as far as the frothiness and willingness to throw many at anything that moves. how idiotic can you get? That chart looks like Bitcoin at the top and so do AAPL and MSFT charts when you look at a 10 year chart. Parabola's. I could not believe I was able to buy puts with it and MSFT so near their all time highs and even after aapl said "hey, were going to have revenue problems"

[skott]

if naz can't hold the 9470 then 9300 is on the table pretty quick

[skott]

I think I was right about another wave down don't you?  64k $ question is when to sell these puts. 

[skott]

AAPL may go from the 20 day moving avg level to the 50 day in one big fell swoop. Down $8.50 today alone.  Did you buy puts?  Of course I have been short and wrong for awhile on a few ETF's but something yesterday and the day before said "buy puts on these parabolic stocks"  I knew I could be wrong because timing has to be exact. I RARELY buy options, rarely

[skott]

Will chinese and other citizens buy aapl phones if they can't go to work or get paid?  and can't go outside to use them?  Will people cut back on these expensive phones if we have economic contraction and they can't pay their bills?

[skott]

20% of AAPL's sales are from China. China is literally shutting down. Satellite data shows it. Giant lies being told. Possibly 700 million ppl are quarantined.

Edited by skott, 22 February 2020 - 01:20 PM.

[skott]

if naz can't hold the 9470 then 9300 is on the table pretty quick

[skott]

Someone said gap up? Clk?

[skott]

In the days ahead I think the naz 100 futs are likely to test the early Feb lows. A close below would make me think that 8000 will be sought out to see if it is support