aapl

my predominant thought right now is that this large one-day retraction will cause others, the ones that have been in 20-30 points, to take profits. I think the trend is downward for the short-term.

 

But Cramer told us on Friday afternoon (CNBC's"Stop Trading") that AAPL was "done going down" at 71.

Why oh why has our stockgod forsaken us?

Chartiste

 

AAPL is simply following the speculative path of least resistance. Broke 70 support which held 3 times....guess 4th was the charm for shorties.

 

i wish i had elite chart-humor skills.....

i hear chiks dig guys with skills......

 

Woh what a sell off 67.51
i buy it just keep ,s going lower and lower

 

now it not the time to buy - now is the time to sell.

 

They dig traders in the green much better.

 

What would be the resistant level for appl right no ( 67 ) - ?

 

there are no resistance levels until proven.

Always remember that.

 

For now the proper assumption is the former 70 support will turn into resistance. The psychology being all those buyers who are still holding the bag around those levels will want to get flat at the very least if AAPL peaks its head up there again. Until all that congestion is cleaned up there is what you call "overhead supply".