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50-Day Moving-Average SNAAPL

Submitted by Tyler Durden on 10/05/2012 12:03 -0400

AAPL is down 1.5% and once again testing its 50DMA. Now trading the range of Tuesday's closing ramp-fest and below its closing VWAP... BTFD?

The red-line is the day's VWAP. The colored horizontal lines correspond to recent closing VWAPs. The lower pane is volume.

Interestingly we haven't seen a 50DMA retest so quickly after a previous test in around 18 months. Volume is also well above average run-rate for this time of day.

As a reminder of your patriotic duty...

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Fri, 10/05/2012 - 12:08 | 2859938 slaughterer

Seeing volume now. But I think I will pass on a BTFD for now. Maybe wait until 3:00 pm ;-)

Fri, 10/05/2012 - 12:32 | 2860016 tocointhephrase

ALL YOUR CASH ARE BELONG TO US

http://www.bbc.co.uk/news/business-19846157

Fri, 10/05/2012 - 12:34 | 2860024 vast-dom

OT:Tohoku Earthquake May Be Manmade

A friend from Japan sent me this today in reply to Fukushima radiation article:

http://www.youtube.com/watch?v=DkBXwc3faBY

Fri, 10/05/2012 - 13:54 | 2860308 MillionDollarBogus_

I'll buy if Reggie M. buys............

Is this a pump & dump scheme...???

Fri, 10/05/2012 - 12:42 | 2860051 Oh regional Indian

My sister gave a Crapple somethign or the other 2 years ago. I powered it on twice.

Collecting dust since.

Vile products. Pathetic engineering. Core faulty design. POS.

ori

Fri, 10/05/2012 - 13:08 | 2860120 Skateboarder

Have you taken it for a smug check yet?

Fri, 10/05/2012 - 13:34 | 2860230 Oh regional Indian

Hah! Nice.

ori

Fri, 10/05/2012 - 12:07 | 2859940 realtick

Can you reformat the AAPL chart to look like this:

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121004_corr.png

so we can read it?

Fri, 10/05/2012 - 12:08 | 2859943 malikai

Apples contain the highest amount of pesticide in all fruits.

Just sayin..

Fri, 10/05/2012 - 12:33 | 2860019 Renewable Life

Apple talk....... Yawnnnnnnnn

But on another more interesting note, did anyone watch the post debate citizen groups that fox and CNN did???

I laughed so hard I almost pissed myself, because in both groups there where 4-5 people who where fucking obese, like 150+ overweight, and al be damned if those bitchez weren't the loudest big mouths about how we needed more "personal responsibility" in our lives and "fiscal discipline" and they loved Mitty's message!!!!! The fucking visual of it was just startling and so America these days, and some other dumbfuck said he loved Mitty for talking about getting big government out of our lives, because he's pissed off that Obama has already started cutting things in Medicare that he was promised would always be there!!!!!!!

Thank god I was drunk already from having drank everytime either one of them said the word "taxes"!!!!!

Fri, 10/05/2012 - 12:42 | 2860052 malikai

Heh. I didn't play the game because I need my liver sometimes.

I agree with those people. We need more personal responsibility. Let's start with Romney and his involvement with the Death Squads. Then we can work on Ryan and his involvement with the NDAA, Patriot Act, Medicare Part D, and others..

Finally, let's finish the day working on the American people and our wilful continuance of a corrupt and unjust social and economic system.

Fri, 10/05/2012 - 12:07 | 2859944 Meesohaawnee

crapple is only needed for bad days in the broad index(see wed) when the shermans start closing in they bring out the 88s to counter.

Fri, 10/05/2012 - 12:08 | 2859946 Cognitive Dissonance

APPL is trading heavy. Look out below.

Fri, 10/05/2012 - 12:34 | 2860028 kaiserhoff

Say it aint' so, Joe. Without apple we'll be left with Priceline, Prepaid legal, and Chipotle-farts...

OMFG it only gets worse from there.

Fri, 10/05/2012 - 13:37 | 2860242 MiltonFriedmans...

Naw, we've stil got LULU.

Fri, 10/05/2012 - 12:08 | 2859947 Itch

BFA (Buy fuck all).

Fri, 10/05/2012 - 12:11 | 2859958 slaughterer

Anybody got $612,000,000,000 laying around?

Fri, 10/05/2012 - 12:26 | 2859969 Cognitive Dissonance

Hold please.

<....Ctrl-P.....Ctrl-P....>

Yup, all set. Where do you want it wired?

Fri, 10/05/2012 - 12:36 | 2860033 kaiserhoff

uh, Tylers, I think we found Ben's Mole.

Fri, 10/05/2012 - 12:10 | 2859951 dariomilano

how much down the 50DMA is the dip?

Fri, 10/05/2012 - 12:11 | 2859961 slaughterer

50DMA was 656.50

Fri, 10/05/2012 - 12:34 | 2860022 spastic_colon

love how she spells out "hmmmm" priceless

Fri, 10/05/2012 - 12:11 | 2859960 Dr. Engali

Breakdown bitchez!

Fri, 10/05/2012 - 12:14 | 2859971 slaughterer

Simultaneous with this excitement in AAPL, looks like silver futures are about to plunge.

Fri, 10/05/2012 - 12:16 | 2859973 Panafrican Funk...

The odd one out in the MSFT/AAPL/GOOG three headed monster is GOOG. GOOG is about 33% overvalued right now.

Fri, 10/05/2012 - 12:44 | 2860056 alien-IQ

yeah but that's just a premium attached for providing the NSA/CIA/FBI/DHS with unfettered access to the private information of all Google users.

so you see...cooperating with an oppressive totalitarian police state mentality is indeed profitable...and probably has some wonderful "undisclosed" tax advantages.

Fri, 10/05/2012 - 12:15 | 2859974 dracos_ghost

OK, everyone chant... 666 ... 666 ... 666.

Fri, 10/05/2012 - 13:43 | 2860256 MiltonFriedmans...

Does anyone honestly believe the plunge protection team would allow AAPL to break it's 50d MA?

C'mon now.....

Fri, 10/05/2012 - 12:18 | 2859981 ebworthen

Anyone see the three AAPL devotees on CNBC this morning who buy Apple, all Apple, all the time? Religious zealots by any other name. Reminded me of Jim Jones or Sun Myung-Moon followers.

"Apple is going to $900" said one, "Apple is going over $1,000" said the co-founder of the group.

Bulletin: One year ago today Steve Jobs passed away.

Fri, 10/05/2012 - 13:17 | 2860169 css1971

Religious/bubble hysteria.

It's quite a phenomena. There's obviously a bubble you point out it's a bubble and everyone caught up in it denies vehemently that it's a bubble, instead claiming the bubble will expand, consuming the whole of humanity before passing on to godhood.

http://en.wikipedia.org/wiki/Fad

Fri, 10/05/2012 - 12:25 | 2859985 kaa1016

With iPhone 5 estimates being guided lower, an iPad mini that will canibalize the iPad, and underperforming hedge funds that own this stock and are up a massive amount year to date lightening up, this stock will test it's 100 DMA next week, ~620. Buy a 620/630 put spread on the weeklies. If I'm right, 10x upside. I believe this stock will breach its 200 DMA before year end. I'm not an AAPL bear, I'm just a trader who's number 1 winner this year has been trading AAPL (GLD #2) on the long side. I've been trading the short side since the Friday before the iPhone 5 launch.

Fri, 10/05/2012 - 12:20 | 2859986 Meesohaawnee

DTO bitchez!

Fri, 10/05/2012 - 12:23 | 2859993 youngman

And Samsung is having a good year...hmmmmm...lots of Galaaxy IIIs sold.....I think the world loves Samsung more....and will begin to hate American Apples...

Fri, 10/05/2012 - 12:27 | 2860004 slaughterer

Where is Potter? AAPL is sending an SOS to NYFED.

Fri, 10/05/2012 - 12:30 | 2860008 alien-IQ

I smell a Reggie Middleton chest thumping peacock strutting diatribe being scribed at this very moment.

Oh how I look forward to his dazzling display of humility.

Fri, 10/05/2012 - 12:33 | 2860025 Obadiah

alien I got a good charge from that comment hehe

Fri, 10/05/2012 - 12:31 | 2860018 calgal

must see

http://youtu.be/7ZkgGJV4yvU

Fri, 10/05/2012 - 12:33 | 2860021 slaughterer

Just noticed that ugly H&S on the 6-week. No technical trader in their right mind would buy the dip today.

Fri, 10/05/2012 - 12:40 | 2860046 Meesohaawnee

problem is slaughter.. your making the assumption there are traders out there. Nice insight. thanks since im not a ta person

Fri, 10/05/2012 - 15:21 | 2860686 All Rise

No idea why people have a problem with Apple, it makes loads of money and isn't on a silly tech PE ratio.

Fri, 10/05/2012 - 19:40 | 2861554 ToNYC

A one one-trick fashion pony in a technological rodeo leaves too many trails unridden.

50-Day Moving-Average SNAAPL

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