That triple top is at FT71's high of the day from his pre-open scenarios. Just saying it was clear from earlier that level could be it. But the way of the snake says it will not stop a fourth push. Will see if this follows prior pattern of push up to the OR high fail, drop to VWAP push to OR High, fail drop to OR low.
not sure if it's a double bottom but at least today is not bearish so far, range day the worst and the most likely.
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My Dad used to quote an old brokerage house saying (he used to sit around at the brokerage watching the quote screen back in the day) the market always finds a way to make a fool out of the most people.
That breakout sure looked like it had yesterday's close as it's goal. Nice volume spike to go with it, so maybe that was today's high, or not.
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Pasta Boss, the critical, to me, part is that total world wide smart phone sales declined for the first time.
Apple, well Tim and whomever follows him have a large war chest so they can continue to prop the stock but Apple has probably reached it's sell by date. To me the question is how do all these monster holdings liquidate without causing an epic panic. Also it would be like shorting Tesla, only instead of Elon's mouth inflicting pain it is the buyback desk.
was taking a look at long term italy bonds and before 2009 normal % was 3.80/3.90% so below these values I think that could be normal, 3.15% today pretty below so maybe someone want buy some bargains ? what you think guys
Last edited by Wallstreetrader on Fri Jun 08, 2018 12:10 pm, edited 1 time in total.
Trades with cats wrote:Pasta Boss, the critical, to me, part is that total world wide smart phone sales declined for the first time.
Apple, well Tim and whomever follows him have a large war chest so they can continue to prop the stock but Apple has probably reached it's sell by date. To me the question is how do all these monster holdings liquidate without causing an epic panic. Also it would be like shorting Tesla, only instead of Elon's mouth inflicting pain it is the buyback desk.
I think perhaps they don’t liquidate; rather they’ll put on endless exotic hedges [??]
On a related note:
QQQ is down a smidge, so once again the “experts” weigh in on the “bursting of the tech bubble,” and the impending end of the world…
[GS:not a bubble. BAC: it’s set to become the largest bubble of all time, etc.] https://www.zerohedge.com/news/2018-06- ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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