Apple/AAPL
I have previously and copiously warned, both publicly and privately, re the pattern of Apple/AAPL.
Well, it now appears the inflection point is baked into the cake, especially in light of the reversal day, Monday (2 days ago). Because earnings will be released before the markets open tomorrow, it will be no surprise to see the shares gap big on that news, in one direction or the other.
My bet, however, is a big move down. A breach of critical support (~$38) could usher in tests of $35, and then $30... Wait; I now realize I repeat myself. So I will stop prattling.
Well, it now appears the inflection point is baked into the cake, especially in light of the reversal day, Monday (2 days ago). Because earnings will be released before the markets open tomorrow, it will be no surprise to see the shares gap big on that news, in one direction or the other.
My bet, however, is a big move down. A breach of critical support (~$38) could usher in tests of $35, and then $30... Wait; I now realize I repeat myself. So I will stop prattling.
posted by David M Gordon | 8:01 AM
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