your keep looking at a bounce its a very short term trade. a chart can give you an idea but that's all it is. your best news for a long trade is whatever the fed is talking about now. i wonder if people will start getting scared of stocks because of how much the fed wants to protect them or if they blindly buy. apple has nothing new coming out but its downtrend is mostly because the markets are moving down.
they may increase the capital gains tax and cause a selling of stocks to lock in lower tax rates before jan 1
Want to talk fundamentals, fine. You seen AAPL PE's vs rest of the world ? You also speak as if you knew what AAPL had in the works, thinking nothing. I'm done here, will let time speak for us, see ya at 640s.
i was not even talking to you and you keep talking to me like this is my first day. you can PE my nuts. this is the time of year you pull out your big stuff and they had nothing special. china is hurting, europe is going to implode soon, and your talking like apple is a new growth stock. 500 billion is not a growth stock anymore. you have to live a few bear markets to get this knowledge. i am not even saying bear market but to look at me like the sun is shining after dropping 160 points is mad.
I did not get bullish until the drop reached key monthly levels That's something to take into consideration when you address me.
i was not talking with your last comment me and cactiman been friendly debating this for awhile now. i stand by it being a bounce trade more than a long term investment trade because of the economics of the world right now. i learned the markets do whatever they want though its just my point of view. i hope you make money.
The first thing AAPL had to do was stop falling, and I think it's making an attempt to do that now. The current 5 day sideways channel is no accident. All traders know an Uptrend is made up of Higher Highs and Higher Lows, and they see that last Higher Low (517.58 on the attached chart), and don't want it violated. Going sideways for a while makes sense to me at this point. That would build a nice launch pad, and then a bit of good news could start a new rally. Of course that's a Bullish "glass is 1/2 full" point of view. I totally understand all your Bearish "glass is 1/2 empty" concerns, and this Bull Market has been going on for 44 months, which is quite long. On the other hand, interest rates are at 0% and are guaranteed to stay there, which is unusual and very Bullish. Bottom line: The Battle Between The Bulls & Bears continues!!
appl currently resting on the bottom of its monthly range of 542.32. I think there is a better than average chance it will test the bottom of the weekly range of 519.46 then bounce back up to test the monthly range again.