Thanks Cobra, last time AAPL went down before earnings (which are due October 25th), it rocketed back up.
Maybe insiders are getting the price down to buy cheaper. Then again, insiders probably have options that they pay ten cents for.
Speaking about Apple:)
We still think that the long-term uptrend is incomplete...
If the ED plays out then it could complete a wave (A) or (W) off the May 16 low. Then I would expect a pullback in the range 1719-1688, with the rising 50 d MA as a potential bottoming area
Thank-you.
That seems to be 38.2% retrace level?
Educational only and not trading advice (EO&NTA) Good trading to all
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Too early to say but here we have one island reversal candidate
XIV
I might short it at the end of day to hedge some long stocks
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
I'm tired, don't tell me the same pattern repeats everyday, another reversal up?
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KeiZai wrote:Too early to say but here we have one island reversal candidate
XIV...........I might short it at the end of day to hedge some long stocks
thanks 4 that one boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
If the ED plays out then it could complete a wave (A) or (W) off the May 16 low. Then I would expect a pullback in the range 1719-1688, with the rising 50 d MA as a potential bottoming area