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They shot the General yesterday

AAPL chart

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#1 slupert

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Posted 12 May 2022 - 08:29 AM

A lot of the weakness yesterday was due to AAPl, Can the keep it below the lower BB? When it does reverse it should bring the rest of the market with it. (JMHO)

 

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#2 fib_1618

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Posted 12 May 2022 - 09:12 AM

Classic double top formation...downside price target is at $122 or the lows of a year ago.

 

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#3 slupert

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Posted 12 May 2022 - 09:12 AM

Grbbed LVs.



#4 slupert

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Posted 12 May 2022 - 09:13 AM

Classic double top formation...downside price target is at $122 or the lows of a year ago.

 

Fib

Yeah, I know Cramer is aying $125



#5 slupert

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Posted 12 May 2022 - 09:26 AM

Classic double top formation...downside price target is at $122 or the lows of a year ago.

 

Fib

All I was talking about  was "can they keep it below BB", no price targets or anything.



#6 slupert

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Posted 12 May 2022 - 09:31 AM

So we  are at many on the streets predicted low point. do they hang on and ring out every last penny of their shorts, or cover. Personally I would be covering,a little bullish news and it could explode higher.



#7 fib_1618

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Posted 12 May 2022 - 09:42 AM

 

Classic double top formation...downside price target is at $122 or the lows of a year ago.

 

Fib


All I was talking about  was "can they keep it below BB", no price targets or anything.

 

Then I apologize to you and the forum for polluting your post.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#8 beta

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Posted 12 May 2022 - 09:44 AM

Air pocket to 3500.  No buyers.  


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#9 pdx5

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Posted 12 May 2022 - 10:16 AM

Air pocket to 3500.  No buyers.  

That is the number in my head as well. If it gets there, I will begin buying  index funds again.

This market  is now controlled by inflation data. Not corporate profits, not Russia, not Roe V s Wade (Yellen claimed yesterday moving Roe from federal to individual states will hurt the economy, in reality only 8 states will impose restrictions, other 52 will be little changed). If inflation stays hot, the bear rules sans a few typical bear market rip roaring rallies.


Edited by pdx5, 12 May 2022 - 10:25 AM.

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#10 slupert

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Posted 13 May 2022 - 11:02 AM

Grbbed LVs.

Today is one of those days I really hate, have a quick profit of 14% or so. This one could have plenty more in it, but I can't break the rules I trade by. I'm selling half maybe more.J ust has to be done, that's all. (JMHO)