After 10 consecutive neutral days, bears have struck the ending blow in grand fashion. The always dangerous gap into the week is now in jeopardy as bears throw down a big trend day. The move came on the heels of a second big gap up and price is closing this extra gay Wednesday on the low of this erectile dysfunctioned holiday week.
These are drastic conditions and a reminder that we are still deep in the woods.
The selling has been nonstop, all session, and at every turn. It only paused briefly as we awaited any sign of hope from our overlords at Apple. They gave us nothing but modifications of things already done [most of which I think will be quite useful, but useful never got anyone on the moon].
Prepare to traverse our massive range and probe the other side, long-dicked style.
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hmmm…this doesn’t sound good for what bodes ahead.
they win, evil prevails, the dark side and their death star are coming for everyone’s favorite ‘stock’
haha. can’t tell if you are being sarcastic. but today surely stunk
I was being serious
What makes you think this is being driven by “bears”? I’m inclined to think it is simply the bigger bulls selling as they have recognized that the cyclical bull market is now kaput.
Agree. I just see no conviction. Everyone happy to let others do the heavy lifting. It was the bulls day to lose and that was a huge fail today.
It would make more sense to instead say “…DECISIVE SELLER VICTORY” but where is the fun in that?
So when do we turn bearish? LOL
I wait for le model, which right now is neutral
@Berniecornfeld you can turn bearish when your GPRO’s and MBLY have sunk another 50% after Yellen decides to not inject more cocaine back into the stock bubble – or you can get cashed up now and decide if you want to go bottom fishing while your friends portfolios are belly up