my 2011 comparison was just about last week's blast higher and this week's pullback.... and so far it is coming true, though as usual in slightly different form as the same day in 2011 was a Monday and was a GAP and GO DOWN.
-D
Tutti wrote:
uempel wrote:Denali92 is closely watching the 2011 scenario:
a.png
I know a lot of folks are watching to see if the 2011 model plays out, but:
Wasn't the fundamental firepower behind the recovery move more QE? If yes, what is the firepower to take us higher now?
Isn't there a strong whiff of recency bias attached to looking at the very last pullback as a model for the next one? Why not look at 2007 highs or 2000 or...
Not picking on anyone or any idea, just questioning the logic behind it.
vol surge again, so might be a rebound here first then we'll see.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Today all around got the character of short term trend change, my next mid term buy will be the final judge. for now enjoy day trading on the bearish momentum.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente wrote:“What fools these mortals be.” [A Midsummer Night's Dream]
Good aapl tonight could blow this bear out of the water
(like it did last quarter)
Seems like that's the only option.. it is AAPL after all.. but a miss, or guidance on weak watch/iphone sales? heaven forbid.. a miss.. how much pressure would that cause on the indexes… until FOMC stick save?
Long term on AAPL the counter trend (CT) buy is a success , now we have new HH, so next dips or breakout will be a buy, for last HH changed my bearish view on its long term.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente wrote:“What fools these mortals be.” [A Midsummer Night's Dream]
Good aapl tonight could blow this bear out of the water
(like it did last quarter)
Seems like that's the only option.. it is AAPL after all.. but a miss, or guidance on weak watch/iphone sales? heaven forbid.. a miss.. how much pressure would that cause on the indexes… until FOMC stick save?
Well, they still have Goog, FB, MSFT. It may be like yesterday where aapl dropped big but qqq still held, till Fed announcement.