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Spot Where AAPL Snaps 200 DMA, Sending Stocks Sliding
Moments ago AAPL broke the 200 DMA. Whether or not this was due to the earlier news from Rochdale getting caught with its pants down, and supposedly losing tons of money due to a rogue trader "buying" the stock as its proceeded to tumble from its all time highs less then 45 days ago (during which time it has lost more than 10 years worth of dividends in market cap), is unclear. What is quite clear, is the moment when the general market realized what had just happened. Sure enough, the jobs number came and want, and ES largely faded that move in under an hour. It remains to be seen if a technical indicator for the world's most widely held stock is more important to the general stock market than how many 60 year old workers the US economy added in October. Oh, and as for that whole iPad mini launch spectacle? Sorry. Time for the iPad Mini Magnum launch... or maybe even the maxiPad.
ES:
And now the question is: will the NY Fed step in, or will an early session of margin call override anything Kevin Henry et al can do, and let the selling finally commence, testing 1400 in ES one more time?
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Election postponed!
Job growth for November: hedge funds are looking to hire designated scapegoats. No experience required (and by that I mean that no experience is a job requirement).
WHERE'S YER KEVIN NOW?!
Plunge Protection Team!
Calling the Plunge Protection Team!
If AAPL does not bounce back and overcome the SMA-220 days, not only this stock came into problems. It will be very difficult for the Nasdaq does not keep falling, taking with them the rest of the market. The situation may be more serious than it seems. Who will come to the rescue?
iDRINKYOURMILKSHAKE BITCHEZ!!!
Apple, what a joke
Nah... the joke is Silver/Gold taking a monster shit today and the dollar blasting off to the moon. Thats the joke.
You have 10 million Algerians in France alone. Wanna keep your gold there? I didn't think so. I expect the USA to start rolling out a whole slew of weapon systems in the coming months...courtesy of General Motors in particular and Ohio in general of course. (You may thank Big Defense Republicans anytime of course.) lumber has SOARED the past few months "in anticipation of the attack." And suddenly! As if out of the blue!
While I am convinced that the prices of gold/silver are manipulated on a grand scale, I do not think every correction is a manipulation. Gold in an uptrend tends to correct back to its mid bollinger band line on a weekly chart, and today that stood at 1675. Also, the 200 day is at 1666, and it is time for a gold intermediate bottom. So, I completely expected what happened today(though I did not know which exact day it would occur). I think it is an error to assume every drop is manipulation.
Do you use the term "correct back" to the mid line of the b'bands loosly? On my system (CQG) it has rarely touched the mid line and when it did it plowed through it substantially. I do agree with your correction thoughts though.
Absolutely a fantastic BUYING opportunity!!! BTFD!!!
AAPL or Gold?
how many shares of paper silver had to be dumped to acheive that short term drop... time is running out.
That nice gap around $450 looking closer every day
How about they stop handwringing over their favorite ponzi momo stock and take some fucking food to Staten Island? I swear, what the fuck is wrong with these people? You'll go to charity dinners and write big checks for kids starving in Africa but you won't drive 30 minutes to help with the disaster on your doorstep? This shit makes me sick.
If you take food to the hurricane victims Chris Matthews will make fun of you. Didn't you know they want money not food?
We have the beginnings of civil unrest here on Long Island. No gas anywhere without several hours wait and 3/4 Mill still in the dark and cold (including me). Glad I have some hand-held "heat".
Shit be careful there. That could be ugly. I'm glad I'm not in your shoes, although I fear we will all probably be in the same boat soon.
I'm seriously considering driving up there from N Va to bring a generator, some gas, blankets, and kids clothes. Fucking ridiculous is this response. If Bush were in office, the MSM would be lambasting him.
Where's Kanye now? 'Barack Obama does not care about white people'
Am I allowed to say here "Heck of a job, brownie"?
You're right. Bush was an idiot but tthe silence in the MSM is deafening on a lot of topics when it comes to this fucker.
Ohio is up for grabs...that's the important thing to your president this weekend.
stop considering..
and now I'm hearing the stores have run out of bath salts.
Epic +1!
Sorry but you're not important. There are bigger priorities, like some Africans flying in so they can run around your streets.
Bloomberg is one choice fucker.
"Guys, I got it all figured out. In old times, whole Africa was like Jersey then some kind of Sandy came."
Where's the outrage over this weekends Steelers/Giants game? What's the difference? Did they prioritize the football stadium over the people of NY?
Would u happen to know how the North Shore is faring with power and gas?
Good luck, and thanx.
I am on the North Shore (about 2 miles from Sound). I predict that the gas situation will be the worst issue. It's very bad as far as the eye can see. Not much physical damage here. But, it's the desperate people we need to worry about.
I am from Northport.
Hope u can find some like minded allies while u wait. Best.
Thanks. Best to you too. I understand the greater Huntington area got walloped with outages.
Chris Tingle is an ass.
The 200-day EMA is around $582. Let's see what happens there.
Don't worry -- Kevin has things under control...
I warned my parents 50 times to stay away from the Apple bandwagon...they called me a fool and bought the top. Oh well.
When everyone jumps on the same boat at once, it usually sinks.
And when everybody stands on the same side of the boat, it usually flips then sinks.
Same thing happens with islands. http://www.youtube.com/watch?v=zNZczIgVXjg
I remmber that one!
Still makes me laugh.
Then cry.
not sure if you meant sinks or stinks...
I probably bought gold at the top too but will not be dumping it anytime soon.
where i come from my parents money is my money, so you did not do yourself a favour.
Hey! Fools get it right sometimes.
Sorry to be so grammar anal, but it's "less than" not "less then."
Grammatical errors are possible on Zerohedge....we all know this and let the rare instance slide.
Your generalizing. Its not that cut and dried. Becuase some people has always got some thing up they're but.
lol, very neeeet!
I seen what you done there!
Your all loosing it.
Just wait till you see everyone using "impact" instead of "effect" and "affect." Civilization's breaking down!
civilisation is crumbling because of law/rules, monopolism and collectivism (all branches of Govt)
what we need asap is freedom, competition and individualism
nature is the social/business model, Govt is its opposite/enemy
Grammar is oppressive as well.
Go talk to a herd of gazelles sometime about collectivism and natural law. Wait until the lions have gone home.
Gazelles out-number lions 1,000 to 1
hope my grammer was ok, how are you at maths?
the morons (establishment and their crones) perpetrate the myth we need Govt and 'Justice' so we're protected from natures "biggest teeth" barberism. This is pure BS. The numbers tell the lie that natures most successful, by weight of over-whelming numbers, are the most docile of creatures, flight animals
docile/flight animals, birds, fish etc are the top dog and by sheer numbers the most successful organisms on the planet ..preditors (parasites) are far fewer in number (far less successful)
i'll worry about my grammer, you worry about being out-gunned and lack of knowledge about how the world works ...are you academic?
Probably how isaac newton drew the trajectory of the one that hit him on the head
So who lowers their margin requirements?
Gold closing in on its 200 DMA too.
die you hedge fund fucking pukes. fucking sewer scum.
VERY destructive day for HFs and commodity funds.
Hedgies "hedge." The rule is "make your own volatility." Not a player of course (index funds only please...now more than ever) but sure...some are losing...but most have just hit "the catastrophe jackpot."
Still selling off.
I'm glad I don't have to sit on that spike.
But, I wouldn't be surprised if some of my large cap fund managers are.
Serves you right, assholes.
(DXY) closing in on it's 200day also. Got a trifecta going.
Amazon is still adding on to that 2800 multiple. There's a value stock for you.
incredible...they must know something about amzn and da future.
Lets put it this way. They must have friends in high places.
If ever there's been a day when I thought a rally might be justified, I thought it was today, other figures that came out were benign enough. Shows how much I know.
DavidC
Bloomberg is totally incompetent. First rodeo there tough guy? I mean THIRD TERM WITH PRESIDENTIAL ASPIRATIONS? Give me a break. "Gotta raise capital as a consequence." Still hasn't told his media clowns "lying only makes it worse." Of course if it's the only way you know...
If Bloomturd ever becomes POTUS, I'll personally buy his midget ass a calfskin "high chair", so he can see over his desk in the Oval Office.
Good day to buy some gold miners, though.
Who'd stand in line for a smaller screen pad with 2 year old tech in it at a premium?
Their queue line is fading.
So everything's still over the 200 day? Whew; Robo will be safe.
dick bove got diarrhea.
Down a whopping 2.5%?
I follow/trade stocks with spreads bigger than that...
Whop, whop, whopping! The sky is falling....
3.3% on the day, but really it's down 22% so far .. Which has got to hurt. Buy high, sell low I say.
God d*mn it Kevin!!! F*ck the index, your job this afternoon is to keep aapl above $580!!!!
Where my I-crack niggas at ?
Not a word about the old couples in high rise buildings? Fearful, no heat, food, diesel for the elevator. Problems are not all on Staten Island. Scandal that the National Guard is not going building by building.
There is a marathon to organize ya know.
Yes. I've said immediately after Sandy took out all the power there, that it cannot be restored quickly. This is not a walk in the park. Not a "back to normal" or "back to business as usual" in a matter of days circumstances. NY or not. This has nothing to do with a busy city and a supposedly very resilient population!
All non-essential business should have been shut down. Including the markets. At least this week. Setup distribution centers for food and so on everywhere in the city with the National Guard. Keep all non-essential traffic out of the city. Cancel the marathon. Give people a chance to figure out what just happened and let them restore some semblance of a normal life.
But the air up there in the Park Avenue penthouses is pretty nice.
I have never seen a worse case of total mismanagement and lack of leadership then in these past few days. Just like everywhere else, there is no backbone and no determination to put people in their place and stop the world for a few days so that a job can get done properly.
I have seen alleged 3rd world shit holes being managed better in times of crisis.
Who defines non-essential? Do you really trust those bastards in Government? That was your mistake.
Setup distribution centers for food and so on everywhere in the city with the National Guard. Keep all non-essential traffic out of the city.
There were food distribution centers set up almost immediately, but lots of folks without power didn't know, because they didn't have effective access to the information.
And the "non-essential" traffic really did stay out of the city anyway, just because no one wanted to fight the gridlock and waste the gas.
It would've been a SERIOUS mistake for government to shut down "non-essential" businesses. A lot of places which were lit by candles/flashlights were the only options available to people who hadn't prepared properly.
It's far better to let folks do what they can in a case like this--no centralization is going to do a better job than 8 million folks thinking on their feet. And believe what you like, but thinking on our feet is something most NYC'ers are pretty good at. It's a complex and unpredictable place.
I think the old folks know how to survive..its the 22 year old kid who has been raised on only video games and texting that will not be able too...
Yes. But I thought they lived at home until 35 or so these days.
The old folks were fucked worse because of lack of mobility. Stuck in a dark high-rise with knees that won't get you down or up 25 flights of stairs.
No one who's even *moderately* healthy will have a serious problem from fasting for a week or so. This is worth knowing.
The power must be out at Kevin's house - he's done slept through his alarm.
eur/usd 200day (@) 1.2828. Getting ready to be taken out.
"Time for the iPad Mini Magnum launch... or maybe even the maxiPad."
I'm still waiting for the Android-Profit-Centre model ...so are jittery GOOn shareholders
then there's GOOfy's rushed re-hash of the once popular but now declining Ad-Rev model, they're gettin a bit desperate having to flog the new product with sub-prime finance ...already jittered GOOn shareholders are tearing their hair out at what's around the coroner, sorry corner
Future's lookin good (gulp!)
the Android-Maxi-Loss model will have to continue on in its glossy blood-red uber-low-rent plastic case awaiting for the long delayed (no ETA yet?) Android 'don't hold your breath for' Profit model, Reggie's already hiding underwater (is that drowning?) on this one holding his
Sorry, what was that about Apple?
Barely intelligible -1
Your in error their. You should of said "Bearly intelligible". Their, fixed it four ya.
ADD IN PROBLEMS WITH COLOMBIAN MARKETS.....hmmmm
Colombian financial regulator declared that it will take control of the country's biggest brokerage firms, Interbolsa on Friday.
The brokerage firm executes one third of the daily operations on Colombia's stock exchange however the firm disclosed on Thursday November 1st that it had ''temporary liquidity constraint'' however it continues to operate normally in the immediate future.
The problems caused shares in the firm to drop 30% to 53 U.S. cents however the Colombian market regulator, the Autorregulador del Mercado de Valores (AMV) assured the public that the 50 thousand clients resources were not at risk.
The AMV will make it's decision with in two months as to whether the firm is available for liquidation, with the possibility of another couple of months.
Yesterday, in a statement, Interbolsa said: "The Exchange brokerage firm faces a temporary liquidity constraint against which, responsibly, and proactively, is exploring all alternatives available to address this situation."
Despite Interbolsa been part of a larger group under the same name including insurance and investment branches throughout the Americas the AMV claims the move will only affect the stock brokerage firm.
Trade on the Colombian stock market has suspended for 5 days after the AMV's announcement, due simply to the size of the firms customer base.
Bottom is in for the day, sellers will wait for the ramp up to yesterdays' close then fade tons while Kevin buys everything to hold a green close.
4:03 UPDATE: Wow, missed that call, who da thunk!
I think the deat cat forgot to bounce...
iPlunge
574!?!?!
Sheet. Dick Bove is gonna need a bigger bailout to say employed.
This is just the iPlunge Mini...
SELL EVERYTHING!!!
.
lol. AAPLOLOSE-A
Where is John Wayne to corral that little shit. Bens at the bar drinking a cool Gin and NY subway tonic water. And while Ben wets his whistle the USD up, PMs and virtiually all commodities and stocks down. But hey we arn't even close to that 1400 S&P yet to everything is perfectly fine.
Giddyup little gal, or is that giddy down.
I never like to laugh when people are losing money. But anyone buying AAPLinto these nose bleed levels and all the press regarding everyone piling in long was begging to be sheared. I guess no-one noticed GOOG was just about to push $700/shr as well.
Who would have thunk GOOG could out shine AAPL. But then again I still like the shine on my shineys and the smell of MREs in the morning. AaarrrrrrR matey.
"maxiPad" -now that's bloody funny. I laugh. I cry. I exsanguinate.
AAPL did not lose its 200 EMA. That is pretty much exactly where it closed. Roughly $575.
Two week wait for my ATT iphone 5 - still isn't here (old one dove into a cup of coffee - don't ask). They need to get their shit together. Might help sales. I hope no one died making my phone.