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AAPL Loses 100DMA (Again) As Trade Size Explodes
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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Bullish Gartley pattern. Buy AAPL at $608.
how's that pattern, or any other for that matter, hold under Bernank?
lol!
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.
speaking of LOL...
look at the move on SIlver YET AGAIN at close in London YET AGAIN....
naw, no market manipulation there...........
http://www.kitco.com/charts/livesilver.html
People should sell all their gold and silver. At the same time. Right now please.
It looks like your wish has been partially granted.
Also the scariest two charts so far today:
http://blog.quantsig.net/2012/10/19/eurusd10-year/
That's it bitches keep selling it. SELL IT ALL!
"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...."
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.
Hfs selling their AAPL and GLD for the GOOG margin calls.
Isaac Newton rules.
Physicists vindicated Park ?
Not quite yet. We still have Einstein (singularity) to go.
Apple is down 1.5% and you're acting like it's 1929.
That's because we live in the age of nothing falling.
Right - why should it be down at all? At all?!
Footprints of Waddel & Reed are evident
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.
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.
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.
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.
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.
+55
Not actually LOL, but chuckling. Grazie.
"hippo stampede" nice touch lol
If crApple has you scared, make sure not to look over at Gee E and Microsloth.
AMD getting KO'd
someone else can get stuck with this bag of shit. No Thanks.
i notice they're letting it go down verrrrrrrrrry slowly today.
Becky, what must I do to get Cramer to say, "Priceline is fine," on the air?
iBailout incoming
Put call skews interesting overthere
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.
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
You said it all!!!
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.
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.
"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.
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.
I've heard it referred to the "Station Night Club effect".
Wealthy are being advised to sell before year end...crowding the aisles ??
http://www.bloomberg.com/news/2012-10-19/wealthy-advised-to-sell-for-gains-before-unfriendly-2013.html
Sell now and maybe BO will lose.
Unless there's a cure for AIDS, I think that he's already lost...
If the Fed controlled NASCAR, they would be peddle cars.
Looks like NASCAR to me, particularly the pile ups in the turns.
http://www.youtube.com/watch?v=sWnff376PEI
...they would all drive a green Infinity.
"Nicely equipped"
...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.
Hedge funds locking in profits and GTFOing for the holidays early?
I didn't know Halloween was that important to hedgies, but it kinda makes sense.
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.
Steve's Reality Distortion Field is fading along with the iPhone 5 buzz.
Elevator just went down, but do not worry, it's only 15 minutes until London close.
Blah- if it gets too bad, the CME will just drop the margin down to -50% and PAY people to leverage this crap.....
It's over.
They should call someone and have trading halted for a few hours.
OMFG IT'S BLEAK FRIDAY.
Get yourselves some iThing-a-majigs.
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.
The HEADPHONE jack is on the BOTTOM!!!
*motion of head exploding
brilliant ad
America is Apple pie, and weiners. Lots of weiners.
And Weiner twittering his weiner.
On his iPhone, by the way.
Looks like Google was first to go down, I wonder if they can sue Apple for the patent on quick drops.
Volume bad; algo good.
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.
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.
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.
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...
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.
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.
It's cocoa Friday, like Barry's butt.
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)............
Is your friend Joe "Cokehead" Weisenthal or Henry "I swear I'm no longer a crook" Blodget?
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.....)
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.
cheers
Next such similar post I'd like to see reference to LOTR when the group is in Balin's tomb and Gadalf reads:
Fly you fools.
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.
http://trader618.com
Open the trapdoor please. It was finally interesting to watch CNBC with the Goog trading halt yesterday...
Panic in Needle Park, baby.
and all this on options expiration. talk about an early christmas.
aapl 620 puts up over 1000% (no I did not have them:-()
Fuck apple, bunch of fucking hippies.