i bounced a lot of stocks in my life mostly on a day trade. i have noticed charts are ideas but it will go lower than you think before it bounces up its the idea a real day of pain to clean things out short term. the last good 15 point bounce i saw in this stock was at 650 i think it pulled the market up that day too. if your playing for a 100 points your crazy unless this is not the start of a bear market than if it could go 100 points or it could go 200 points up. its not worth that much but markets go to extremes.
I never said 100 points, I said there is a good chance that it tests 519.46, then comes back up to test 540.22 again. Will see. There will be plenty of tells tomorrow to see if this scenario still has possibilities.
i don't know if that will happen or not but that's a real bounce to me. i am just using the 100 point reference because others think 100 points is a bounce. i think that's a real trade what your talking about i am just bear on the markets now.
Calling short term moves/bounces isn't my thing, but I hope you guys make some $. My concern is the Long Term Uptrend, and where AAPL will be from January to April of next year. The jury is still out on those issues. Here's an interesting new article about the AAPL Bull/Bear debate: http://www.marketwatch.com/Story/story/print?guid=10175C2A-87A0-4E26-B71C-F0882A602B8B
People are selling because of the capital gains tax increase for the rich, that's assuming Obama does not budge. Once they are done, there will be a meaningful turn, that's the buy point. With interest rates the way they are, investors don't have many options open, stocks will revisit the highs, and AAPL at the very least mid 600s.
The media will make a meal of it, but nobody wants the economy to collapse. It's time for a compromise, and both Obama and Boehner should be able to find a way to save face - being the master politicians they are. http://abcnews.go.com/blogs/politic...bamas-request-to-extend-middle-class-tax-cut/
you guys all have this belief that a recession is based on the fiscal cliff. i said this before and still believe it its baked in the cake we will have a recession no matter what happens look at europe and china we are a world economy now. how can we be ok and the world be in a recession?
they didnt care when we dove in 08, they are in the game for profits, you can't see those blighted communities from your yacht