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Key day tomorrow. Check out this 60 min chart of the TNA. Note the following:Rezito wrote:I think the market may be pricing in QE3 already. The way I read it, if the job numbers are bad that’s a case for QE3 and if they are good, well, that’s good for the economy. Usually if the market is nervous about the payroll numbers it will not have a big green day the day before like it did today.
Every broker and every shareholder mentions aapl's attractive P/E, but that's not the issue. Fact is that every appl product is open to copycats. This is not XOM or some other big oil which cannot easily be copied - no way that a small Indonesian oil company conquers the world. But it's very likely that a small Indonesian tech company produces great tablets and conquers the Far Eastern markets, and then the world...Unique wrote:uempel, notice the P/E difference between Apple and the companies you mentioned. Plus there was the tech bubble.
Thanks for sharing your chart.
Yes, I shorted AAPL from 400+ to 370. Then day traded it afterwards. That was an easy short, but I used different indicators. Not the XLF ratio you mentioned. It's great to learn this new thing.