This is exactly the sort of move that catches most off guard, which of course makes it all the more valuable. It happened. Apple smashed numbers. People got giddy. Market reversed and got REKT. From a sentiment point of view, this is as bad as it gets.
Throughout the session, I liquidated, raising my cash position to 65%. I am now on a 14 for 14 streak.
I’ve been selling because, err, May. But aside from that, I felt it was a reasonably intelligent trade to step aside after the crescendo, the grande finale — the finale salvo — if I might be sold bold.
I’ve been alluding to this scenario for some time now and here we are. Stay true to your mantra.
Will I short the tape? How could I do it here? Nothing in the charts suggests doom. I’d rather wait for confirmation and short into some speed.
I know, it’s all so miserable and life is better when things work perfectly. Very rarely do we get the things we want, when we want it and for a good price. This is the nature of living, having to endure the pangs in order to later get to enjoy the bangs.
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So,
Apple is on its way to becoming as fake as IBM
Way-to-go
Phoney ass sagging end of cycle empire
Tick Tock
on it’s way? so is that in 10 years? bold call.
AAPl is not cyclic. People always underestimete AAPL’s Service income, just as reliably as they overestimate AMZN’s sales income.
Also, calls without timelines aren’t worth much.
Will probably make sense to short the confirmation of a trade deal.
Oh yes the top is at hand—again!! 3,000 here we come. Dumbears will never learn.
I do wonder why bulls would choose to abandon the market now after fighting for ATHs. Maybe 5% down then a run at 3000 next, but I’d be surprised if the number isn’t hit intraday unless their is some surprise news
Showtime, I agree that we’re doing a lot of classic end of empire stuff. But, as to timing …I figure they’ll do everything they can to keep things from falling apart until the July 2020 Dem convention and the nomination of a compliant tool as opposed to a human being. After that, who knows …as I don’t think they care if its Trump or some Biden-ish drone.