AAPL at New All Time High!

IMO:
Traders and Fund Managers buy shares of AAPL for all different technical and fundamental reasons, plus "fusions" of both, along with other emotional and quantitative factors thrown in.
But there's no need to try and guess, or to figure any of that out.
For whatever reasons, AAPL is in a lower left to upper right long term uptrend, consisting of higher highs and higher lows.
How long it will last, no one knows.
But for now at least, if AAPL stays above the last higher low of 519.95 all is OK.
But if it falls below 519.95 the uptrend would be broken, and it would be time to move to the sidelines.
Until then, I'll accept that "The Trend Is My Friend", buy the dips and breakouts, sit back, and enjoy the freaking ride!
:)
 

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I think Apple should sue the brick manufacturers next. I mean, most bricks are rectangular, often even with round edges! Can you smell the billions?
 
Quote from cdcaveman:

anyone would agree that this stock has caught the love of the public/retail trader investor..
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Doesn't that always mean one thing? (time to dump).
 
Look extrapolate a price to earnings graph considering the current earnings growth and see where it stops making sense. This company makes more money then any other per dollar they put out...... I would short anything but apple. The story is still to strong
 
Quote from Random.Capital:

Why would anyone want to avoid bubbles?

That's where the real money is.
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Quote from cdcaveman:

Exactly. Great options trading environment!
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Sorry, I meant avoid buying into bubbles. Yes, when it pops there's a ton of cash to be made.
 
Before it pops you can make money on the way up too.
It's all a matter of timing and recognizing a topping pattern.

Such a top, after a 41 month Cyclical Bull Market (within a 17 year Secular Bear Market, etc.), won't turn on a dime, it will take many weeks to develop.

Has a "Head & Shoulders" Top begun to form in the $NDX?
Is 2443.92 the Neckline?
:eek:
 

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Quote from cactiman:

Has a "Head & Shoulders" Top begun to form in the $NDX?
Is 2443.92 the Neckline?
:eek:
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Second shoulder can't be higher than the head (but it is). This now is a bullish pattern, 2443 was the resistance that was broken and re-tested as support, the latest bounce is confirmation.
 
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