Back to www.cobrasmarketview.com |
So r u saying ur bullish bias on the broader market? If hedge funds r raising cash then wouldn't that be bearish?cougar wrote:Hello guys! Great charts and discussions!
I have been asking myself one question yesterday:
Why did AAPL slip while the market was going up? Bad news? Well, not really…Even his Royal Crookedness “The Street” could find only some minor dirt to “explain” the drop: “Apple shares slipped almost 4% this week as investors digested analyst reports that poked some chinks in the company's armor. Cleveland Research lowered its iPad estimate from 14 million to 12 million units, citing "surprise revisions" to supply chain orders and lack of visibility. Ticonderoga Securities also noted negative supply chain data, with sales hitting well below the October monthly average”.
Lack of visibility for AAPL & iPAD noted by "Cleveland Resesrch" and supply problems detected by “Ticonderoga“?! Let’s be serious!
Other little worms also took a bite of AAPL and you can find their stuff everywhere on the internet…Not convincing, but Money Flow dropped abruptly (see charts)!
Then, what? Well...there are other rumors: European banks and hedge funds raising cash because of some well-known reasons. They “take profit” from wherever they can and AAPL is probably the most liquid asset that they own.
I like this second view. If the AAPL drop was not based on its organic weakness, it should bounce soon. Let us look at some charts which, in my opinion, are compatible with this optimistic scenario, without being bullish…yet.