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Almost to 160s target

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#1 MikeyG

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Posted 17 August 2023 - 03:03 PM

Should be more downside ahead...


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#2 MikeyG

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Posted 17 August 2023 - 03:05 PM

Could very well be the low 160's...


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#3 MikeyG

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Posted 17 August 2023 - 03:27 PM

Tood a quick glance at my internal charts just now and it's not looking good for the market...


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#4 steadyquest

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Posted 17 August 2023 - 05:37 PM

Let's see if it can muster a bounce from this level - pull the market back from the edge of the abyss.  C'mon aapl troops - show us your stuff.

 

AAPL4.png

 

Can't remember what I'm doing from one day to the next.  I was thinking that chart looks familier - and I guess that's because I looked at it just a week ago.  I see that the historical prices changed due to the dividend - but at least the levels didn't change all that much.

 

AAPL2.png



#5 K Wave

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Posted 17 August 2023 - 06:13 PM

Apple is going to get completely destroyed over next few years now that  the echo bubble top is finally in.

 

Some stocks make to old high, some a hair above, and some fall short on the echo bubbles...

 

Will end up well below the last big low in December...buckle up....

 

That HUGE break was the sheep (at least the semi intelligent ones anyway) FINALLY realizing that Apple is no longer a growth story, and is INCREDIBLY overvalued for no growth.

 


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#6 steadyquest

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Posted 18 August 2023 - 11:37 AM

It might look a little top-heavy, but it hasn't crashed yet.  Maybe it's too big to fail - holding the equity equivalent of over $8000 for every resident of the US.  Would Jerome just rest on his laurels and watch that equity evaporate?  Maybe the big crash won't come until after we all have iBots doing our housework, cooking, lawn care, laundry etc.

AAPL-GOLD.png      



#7 steadyquest

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Posted 18 August 2023 - 03:38 PM

And come to think of it, if those iBots are anatomically correct and the least bit friendly, men will crawl over each other to buy them - even if they won't cook or do the laundry.