Its a simple 'one touch' binary bet. Apple to touch 550 before Xmas day. Even money bet. Although you can offer lower odds if you want and see if anyone will still hit you.
Like that long wick from 607 down to 591. Bet lots of traders' Sell Stops were hit down there. Will they have to sit and watch AAPL go to 700 without them on board? Toooo Baddddd!
i am on the short side of the market so i am watching apple and google because they will lead the breakdown. i am a bear on economic fundamentals, Q3 breaking down, and the s&p chart long term looks nice for a breakdown. i would not short or go long apple because its a gamble stock in my head like amazon. amazon had nothing special in its earnings but it was up. i think it would of been down today if the apple's ipad mini was priced at 225. the economics have to catch up to the stocks or the stocks have to catch up to the economics at some point right. i am looking at daily charts over 10 years for my decision but i also liked how it traded the last few weeks in that zone before it showed more weakness. i am talking about the s&p not apple. i liked apples 100 point drop a lot more to me its an indicator.