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AAPL Loses 100DMA (Again) As Trade Size Explodes

Tyler Durden's picture


Presented with little comment - aside to note the explosion in average trade size today as AAPL plunges back below its 100DMA - BTFD or small doors, large crowds?


AAPL is testing the recent lows, is the most below its 100DMA in 3 months, and as the lowe pane shows, is seeing very large average trade size today (note: this is not volume)...


Are pros selling - after the big buy in March at around $600?


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Fri, 10/19/2012 - 11:09 | 2904228 slaughterer
slaughterer's picture

Bullish Gartley pattern.  Buy AAPL at $608.

Fri, 10/19/2012 - 11:10 | 2904230 vast-dom
vast-dom's picture

how's that pattern, or any other for that matter, hold under Bernank?

Fri, 10/19/2012 - 11:29 | 2904302 CPL
CPL's picture



I've just removed all pretenses of the market any more and no longer use any patterns except textile and floral arrangement for the marketplace.  It has as much relevance as the older financial models on market reads as anything nowadays.


Seriously LNKD has a PE of 1000 on a really shitty facebook clone with resumes.  Company isn't worth spit in a cup.

Fri, 10/19/2012 - 11:42 | 2904345 Kaiser Sousa
Kaiser Sousa's picture

speaking of LOL...

look at the move on SIlver YET AGAIN at close in London YET AGAIN....

naw, no market manipulation there...........


Fri, 10/19/2012 - 11:43 | 2904350 fuu
fuu's picture

People should sell all their gold and silver. At the same time. Right now please.

Fri, 10/19/2012 - 11:49 | 2904364 malikai
malikai's picture

It looks like your wish has been partially granted.

Also the scariest two charts so far today:

Fri, 10/19/2012 - 11:59 | 2904392 fuu
fuu's picture

That's it bitches keep selling it. SELL IT ALL!

Fri, 10/19/2012 - 12:10 | 2904418 Kaiser Sousa
Kaiser Sousa's picture

"People should sell all their gold and silver. At the same time. Right now please."


yeah, i'll get right on that....

"Hello, Monarch Precious Metals my name is Jim - may i help you...."

Fri, 10/19/2012 - 12:33 | 2904496 Quinvarius
Quinvarius's picture

In the 1987 dump gold hit a 4 year high.

If this were a real selloff, the same would be happening.

My thesis remains bullish.

Fri, 10/19/2012 - 11:40 | 2904346 slaughterer
slaughterer's picture

Hfs selling their AAPL and GLD for the GOOG margin calls.  

Fri, 10/19/2012 - 11:10 | 2904229 ParkAveFlasher
ParkAveFlasher's picture

Isaac Newton rules.

Fri, 10/19/2012 - 11:12 | 2904242 whatsinaname
whatsinaname's picture

Physicists vindicated Park ?

Fri, 10/19/2012 - 11:16 | 2904259 ParkAveFlasher
ParkAveFlasher's picture

Not quite yet.  We still have Einstein (singularity) to go.

Fri, 10/19/2012 - 11:11 | 2904232 Lost Wages
Lost Wages's picture

Apple is down 1.5% and you're acting like it's 1929.

Fri, 10/19/2012 - 11:11 | 2904239 ParkAveFlasher
ParkAveFlasher's picture

That's because we live in the age of nothing falling.

Fri, 10/19/2012 - 11:13 | 2904247 Spastica Rex
Spastica Rex's picture

Right - why should it be down at all? At all?!

Fri, 10/19/2012 - 11:15 | 2904257 Levadiakos
Levadiakos's picture

Footprints of Waddel & Reed are evident

Fri, 10/19/2012 - 11:18 | 2904267 ParkAveFlasher
ParkAveFlasher's picture

It is a house of cards, using a slick new deck, on a card table with a jiggly leg, on a brick patio, placed by a Parkinson's patient with Tourette's syndrome, after a 16-oz mochalatte, during a hippo stampede, in a tornado.

Fri, 10/19/2012 - 11:20 | 2904277 Lost Wages
Lost Wages's picture

Next Tuesday the "secret" iPad mini comes out, as well as a new MacBook Air and some other crap. The muppets will probably be lining up around the block again for iCrap and Shares.

Fri, 10/19/2012 - 11:42 | 2904351 GoNavy
GoNavy's picture

I don't think so  I think the "cool" is gone.  Its like a kid whose gotten a really cool toy, but then another version of the toy comes out and does new cool stuff, but the new cool stff is not as cool as it was when it first came out.

Add to that the "Emperor Has No Clothes" ads that Samsung has been running that change the image of those people waiting on line from super-hip gotta have it techno geeks  to a 2012 equivalent of "i-Krishnas" (without the robes or the tamborines, but with the same mind-set (only at the Apple Store instead of JFK)), and I think you're looking at a long-term down slide.

 Just don't give the i-Krishas money.  I hear they just turn it over to a cult.

Fri, 10/19/2012 - 15:27 | 2905221 Jack Napier
Jack Napier's picture

I got a cool new toy in the mail today, a Valcambi palladium combibar. It doesn't really do much besides make me feel cool for getting my foot further out the door of this global ponzi scheme, but there's no amount of iCrap that could give me the same feeling.

Fri, 10/19/2012 - 11:20 | 2904279 Gene Parmesan
Gene Parmesan's picture

The doors are always small, and this large crowd is already jumpy and exhibiting strong herd mentalities. It's not going to be pretty when they inevitably start exiting en masse.

Fri, 10/19/2012 - 11:28 | 2904308 Hedgetard55
Hedgetard55's picture


Not actually LOL, but chuckling. Grazie.

Fri, 10/19/2012 - 11:46 | 2904357 RobD
RobD's picture

"hippo stampede" nice touch lol

Fri, 10/19/2012 - 11:25 | 2904297 Lost Wages
Lost Wages's picture

If crApple has you scared, make sure not to look over at Gee E and Microsloth.

Fri, 10/19/2012 - 11:29 | 2904317 Ineverslice
Ineverslice's picture


AMD getting KO'd

Fri, 10/19/2012 - 11:11 | 2904235 fonzannoon
fonzannoon's picture

someone else can get stuck with this bag of shit. No Thanks.

Fri, 10/19/2012 - 11:12 | 2904236 becky quick and...
becky quick and her beautiful mouth's picture

i notice they're letting it go down verrrrrrrrrry slowly today.

Fri, 10/19/2012 - 11:42 | 2904349 hedgeless_horseman
hedgeless_horseman's picture



Becky, what must I do to get Cramer to say, "Priceline is fine," on the air?

Fri, 10/19/2012 - 11:12 | 2904244 Nothing To See Here
Nothing To See Here's picture

iBailout incoming

Fri, 10/19/2012 - 11:13 | 2904245 -1Delta
-1Delta's picture

Put call skews interesting overthere

Fri, 10/19/2012 - 11:13 | 2904248 Slope of Hope
Slope of Hope's picture

Don't look now, but the futures are tanking.  It wouldn't surprise me a bit if those sick fucks on Wall Street try to equal the 1987 point drop.

Fri, 10/19/2012 - 11:13 | 2904250 thedrickster
thedrickster's picture

Sigh....401K brain says its time to plow back into the only trade more crowded than AAPL. Cash.

Captive employer plan Equity MF = AAPL bag holder


Fri, 10/19/2012 - 11:18 | 2904271 ParkAveFlasher
ParkAveFlasher's picture

You said it all!!!

Fri, 10/19/2012 - 11:15 | 2904251 Cognitive Dissonance
Cognitive Dissonance's picture

Several years ago there was a study done to see exactly how some people died and others survived planes crashes where the plane "landed" more or less intact, but then caught fire.

It was found that those who died tended to line up in the aisles and wait to exit the plane. They often died waiting. Those who survived tended to climb over, around and through obstacles (meaning seats and more to the point other people) to exit the plane.

Small doors, large crowds.

Fri, 10/19/2012 - 11:30 | 2904316 ParkAveFlasher
ParkAveFlasher's picture

Ever since I saw a picture from WTC in the stairwell, the line of calm office workers waiting in single file, unsuspecting, doing as they were told, on that downward spiral, I've practiced descending the stairwell three or four steps at a time.  See you guys later.

Although the next time, I can only imagine how ill prep'd I will be.

Fri, 10/19/2012 - 11:55 | 2904376 Cognitive Dissonance
Cognitive Dissonance's picture

"Although the next time, I can only imagine how ill prep'd I will be."

We victimize ourselves long before others get the chance. In fact our self victimization enables others to take advantage.

I sold life insurance for many years and I found that those who do not wish to talk about death, particularly their own, are least prepared for the grim reaper and ripe for those who wish to exploit their glaring blind spot.

We are only as sick as our deepest darkest secrets.

Fri, 10/19/2012 - 11:34 | 2904330 Ineverslice
Ineverslice's picture


Remember the tragic fire at the Great White performance at a Rhode Island club several years back.

Just horrible....flames to the ceiling as the music was still jammin',  instantly the front door was clogged.

Fri, 10/19/2012 - 11:35 | 2904333 mayhem_korner
mayhem_korner's picture



I've heard it referred to the "Station Night Club effect".

Fri, 10/19/2012 - 11:36 | 2904337 Rainman
Rainman's picture

Wealthy are being advised to sell before year end...crowding the aisles ??

Fri, 10/19/2012 - 11:49 | 2904365 Spastica Rex
Spastica Rex's picture

Sell now and maybe BO will lose.

Fri, 10/19/2012 - 12:08 | 2904412 BeaverFever
BeaverFever's picture

Unless there's a cure for AIDS, I think that he's already lost...

Fri, 10/19/2012 - 11:14 | 2904253 TideFighter
TideFighter's picture

If the Fed controlled NASCAR, they would be peddle cars.

Fri, 10/19/2012 - 11:21 | 2904281 Cognitive Dissonance
Cognitive Dissonance's picture

Looks like NASCAR to me, particularly the pile ups in the turns.

Fri, 10/19/2012 - 11:23 | 2904290 hedgeless_horseman
hedgeless_horseman's picture



...they would all drive a green Infinity.

Fri, 10/19/2012 - 11:31 | 2904319 ParkAveFlasher
ParkAveFlasher's picture

"Nicely equipped"

Fri, 10/19/2012 - 11:59 | 2904360 hedgeless_horseman
hedgeless_horseman's picture



...while staring at the rearview mirror, but never looking out the windows, with the brakes and accelerators for all the cars controlled by just one guy with a PhD up in a little booth at the top of the grandstands peering through broken binoculars.

Fri, 10/19/2012 - 11:17 | 2904263 firstdivision
firstdivision's picture

Hedge funds locking in profits and GTFOing for the holidays early?

Fri, 10/19/2012 - 11:21 | 2904284 Lost Wages
Lost Wages's picture

I didn't know Halloween was that important to hedgies, but it kinda makes sense.

Fri, 10/19/2012 - 11:30 | 2904312 Cognitive Dissonance
Cognitive Dissonance's picture

Trick or treat bitches.

Entry level extortion practiced by children and laughed off as fun and games. Real life training the more cynical might say.

Fri, 10/19/2012 - 11:18 | 2904266 Wakanda
Wakanda's picture

Steve's Reality Distortion Field is fading along with the iPhone 5 buzz.

Fri, 10/19/2012 - 11:18 | 2904270 Bold Eagle
Bold Eagle's picture

Elevator just went down, but do not worry, it's only 15 minutes until London close.

Fri, 10/19/2012 - 11:19 | 2904273 jcaz
jcaz's picture

Blah- if it gets too bad, the CME will just drop the margin down to -50% and PAY people to leverage this crap.....

Fri, 10/19/2012 - 11:20 | 2904280 realtick
realtick's picture

It's over.

Fri, 10/19/2012 - 11:22 | 2904288 fuu
fuu's picture

They should call someone and have trading halted for a few hours.

Fri, 10/19/2012 - 11:23 | 2904289 Lost Wages
Lost Wages's picture


Fri, 10/19/2012 - 11:25 | 2904294 The Shootist
The Shootist's picture

Get yourselves some iThing-a-majigs.

Fri, 10/19/2012 - 11:26 | 2904301 GoNavy
GoNavy's picture

The Samsung "stupid tech geek"TV ads -- laced with ridicule -- have been devastating.  The one with the guy holding a space for his parents was especially hard-hitting.

The ads are "The Emperor Has No Clothes".  I don't know if they do much to advance Samsung, but they just destroy the whole aura of AAPL.  I'd be shorting that puppy.

Fri, 10/19/2012 - 11:38 | 2904342 adr
adr's picture

The HEADPHONE jack is on the BOTTOM!!!

*motion of head exploding

brilliant ad

Fri, 10/19/2012 - 11:28 | 2904303 BandGap
BandGap's picture

America is Apple pie, and weiners. Lots of weiners.

Fri, 10/19/2012 - 11:46 | 2904356 GoNavy
GoNavy's picture

And Weiner twittering his weiner.

On his iPhone, by the way.

Fri, 10/19/2012 - 11:28 | 2904307 Aegelis
Aegelis's picture

Looks like Google was first to go down, I wonder if they can sue Apple for the patent on quick drops.

Fri, 10/19/2012 - 11:28 | 2904309 mayhem_korner
mayhem_korner's picture



Volume bad; algo good.

Fri, 10/19/2012 - 11:30 | 2904318 tawse57
tawse57's picture

The web is full of articles, blogs, etc, saying that Microsoft's ipad rival the MS Surface is TOO EXPENSIVE.

With the mini ipad about to be launched Apple stock should be soaring.

Fri, 10/19/2012 - 11:36 | 2904334 mayhem_korner
mayhem_korner's picture



As long as the Fed can print...nothing is "too expensive".  Only question is whether one has access to credit.  The responsibility will get transferred elsewhere.

Fri, 10/19/2012 - 11:43 | 2904352 adr
adr's picture

Google will take over the sub $300 tablet space and the $500 space will be overrun with Microsoft tablets that can actually run real programs, not just dumbed down apps.

The biggest problem is it seems Windows 8 is actually focusing on App style program containers. Having to swipe to multitask on a desktop is ridiculous.

On a tablet Windows 8 actually works well. On a desktop or no touch laptop, it makes you want to put your fist through the screen repeatedly. On a 23" screen the Metro UI is atrocious and about as user friendly as a 1800s steam engine.

Fri, 10/19/2012 - 11:52 | 2904374 Non Passaran
Non Passaran's picture

That doesn't sound too bad - probably nothing a $29.95 UI "optimizer" couldn't solve... Everybody complains about the annoying Metro UI, but if it's tweakable...

Fri, 10/19/2012 - 11:48 | 2904366 Bold Eagle
Bold Eagle's picture

Just like iPhone killed iPod sales, iPad will kill MacBook sales. The only difference is that iPad margings are lower so it's a losing tendency for Apple. Feasting on itself, so to speak.

Fri, 10/19/2012 - 12:16 | 2904434 el Gallinazo
el Gallinazo's picture

Speaking as someone who owns both an iPad and a MacBook, an iPad is not a stand alone computer, and without a real one, whether Mac or Windows or Linux, it will eventually grind to a halt.

Fri, 10/19/2012 - 11:30 | 2904320 Hedgetard55
Hedgetard55's picture

It's cocoa Friday, like Barry's butt.

Fri, 10/19/2012 - 11:31 | 2904322 Inthemix96
Inthemix96's picture

Listen up you fuckers.

I was gulliablisied into buying at the lows, and I am staying in the game till my bestest friend tells me APPL pays out at $1006 a share.

This is glitch, my bestest fiend told me, (sweating like fuck)............


Fri, 10/19/2012 - 11:37 | 2904340 drink or die
drink or die's picture

Is your friend Joe "Cokehead" Weisenthal or Henry "I swear I'm no longer a crook" Blodget?

Fri, 10/19/2012 - 11:58 | 2904391 Inthemix96
Inthemix96's picture

Dink or die,

How the fuck did you know my mate was Henry "I promise it wont hurt" Blodget????

You know me or something??   I WILL get what I paid for, he TOLD me I will........

:-)  (a fool and his money.....)

Fri, 10/19/2012 - 11:32 | 2904325 jimijon
jimijon's picture

I was singing to myself yesterday "When Black Friday Comes" from Steely Dan, so I bought some puts on the spy.

That is a good a strategy or algorithm as any these days.


Fri, 10/19/2012 - 11:48 | 2904362 MiddleageThinni...
MiddleageThinninghair's picture

Next such similar post I'd like to see reference to LOTR when the group is in Balin's tomb and Gadalf reads:


"'We cannot get out. Drums. Drums in the deep.' They are coming..."
Fri, 10/19/2012 - 11:51 | 2904372 fuu
fuu's picture

Fly you fools.

Fri, 10/19/2012 - 12:04 | 2904403 Grand Supercycle
Grand Supercycle's picture

APPLE parabolic...

As mentioned, APPLE parabolic weekly & monthly charts are at EXTREME levels.

Unfortunately longs will be badly burnt.

H+S pattern (ie bearish) on APPLE daily chart in progress and downtrend on daily chart commences.

Fri, 10/19/2012 - 12:06 | 2904405 flyingpigg
flyingpigg's picture

Open the trapdoor please. It was finally interesting to watch CNBC with the Goog trading halt yesterday...

Fri, 10/19/2012 - 12:08 | 2904411 Hedgetard55
Hedgetard55's picture

Panic in Needle Park, baby.

Fri, 10/19/2012 - 12:23 | 2904458 alien-IQ
alien-IQ's picture

and all this on options expiration. talk about an early christmas.

aapl 620 puts up over 1000% (no I did not have them:-()

Fri, 10/19/2012 - 15:38 | 2905255 Wile-E-Coyote
Wile-E-Coyote's picture

Fuck apple, bunch of fucking hippies.

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