fantastic !!!

Apple finally has some movement. It seems 460 is its resistance.
Since it (so far) cannot breakout 460-465 resistance, the downtrend started Sep 2012 continues. The next lower lows could be 350-360? hmm:

This post has been edited by yok70: May 15 2013, 03:06 AM

It could be.. but it is now just a minor pull back. Support still at 428-430. I think the late comers will come in and buy there.

So, far we got a nice 6 trading days pull back here.

The dividend/buyback exercise may support it from falling further....perhaps.

Yes, the floor is temporarily set now at 385 with their debt funding for divi holders and stock buy back annoucement after the Q2 earnings BUT it still about earnings and products cycle for this company.
They really need another wow factor for the growth to accelerate otherwise it will be just like Microsoft.

today's the day for a dip with most of the not encouraging European data, it would be double whammy if the PPI is not so good as well.

Lol...the European stock rises, they are confident ECB will pump in more money .

This post has been edited by countdown: May 15 2013, 06:34 PM

And US market super bull continues today.
So how to time the market ah? News all seems ineffective.

pls pls investor, hedge funds or whoever migrate more from appl to goog, let it hits the previous weekly downtrend channel.....

can't time the market, day trade is the most apt for me now. Nibbling like a pac-man .

This post has been edited by countdown: May 16 2013, 01:48 AM

Support broke for AAPL @ 50 ma, all out PUTs to ride this down.. exiting at 425.xx level for quick scalp! Hee haw..
Down baby down!

wow...it really works for these machines!
if it breaks 380, I guess it will test the 350-360 land?
but it's a bit tricky now, since the 50/20 days MA line is about to cross over to the bull category. Volume is steady and RSI at upper but falling slowly....what's your opinion?

google looks like previous apple now....



This post has been edited by yok70: May 16 2013, 03:50 AM

Yes, those machines have algorithms programmed to recognize the key moving averages and once they broke, they get the "SELL" signal and flush down the toilet. Whooshh!!

The consolidation price action of 350-360 was heavily defended back between Aug and Oct of 2011. Before we get down to there, the late comers will probably buy at 380-400 level giving it some support.

In order to get there, the general market also have to pull back, not just AAPL.

Overnight, there was the analyst who cited that AAPL could get to $240 based on his 50% ROIC model..
most bearish I have ever seen.

This post has been edited by danmooncake: May 16 2013, 11:31 AM

thanks!
240 I'll just buy without thinking! more than 50% are cash!

DMC, got short gold ?

Yes, leverage thru GLL (inverse 2x GLD). Up another 2% tonight!

Also, continue to play the short AAPL here... Very good nice tradable pattern.

gold trend will continue to down trend right if 1355 support broken?

Yeah.. if 1350-1355 falls.. the measure move could be another 150 pts down... that's 1200.
I think that where bargain buyers will line up.

AAPL bouncing back with bargain hunters stepping in at 420.
Very close to stop for AAPL short mark 433.

National Bank of Greece (NBG) skyrock ..

This post has been edited by netmask8: May 16 2013, 10:57 PM

Soros sold 85% of his holding in Apple in 1Q 2013.
Funny how, Soros almost sold all his holdings of banks and insurance companies, where WB continues to buy WFC.

WB long term everything... Soro's is hedge fund mgr, so he much shorter term everything chasing returns.

Many hedge funds also trimming their holdings of AAPL because it is over owned.

Anyway, I'm out for AAPL shorts for now. Only for half of what I was expecting.
Too many bargain hunters at 420-425 for now. Should have cover everything.. but oh well.


Psst.. wanna to play another volatile stock?
Take a look at TSLA (maker of luxury electric car).

Yesterday pull back to below 80.. today gap to 90s.
Lots of shorts on this one, squeezing still in play.

This post has been edited by danmooncake: May 16 2013, 11:12 PM