AAPL: Buying the Dips!

i don't know where it trades tomorrow but to call this a buy is silly. there is no good news to move this market up right now and the fed sugar high was very short lived. plus apple has the least impressive product line in years. you call that a good sign?

Quote from cactiman:

+1

AAPL's -14.11% Pullback, from 705.07 to 605.55, is a Bull Flag Continuation Pattern - done on average, descending volume.
It's NOT a trend ending collapse!
It should be bought, not sold.

To end a 3.5 year Uptrend there should be HUGE RED CANDLES, on BIG VOLUME, as in the attached chart for CMG.
(See 3 year weekly charts of MNST & DLTR for more examples)
:)
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i would not want to be long anything tech tomorrow did you see the naz drop in after hours? i am one that always believes that's a bad sigh even if it moved up a little later.
 
Quote from brokerboy:

i don't know where it trades tomorrow but to call this a buy is silly. there is no good news to move this market up right now and the fed sugar high was very short lived. plus apple has the least impressive product line in years. you call that a good sign?
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Going into the Holiday Season with all those new 'peuters available seems pretty good to me, yes.
What stock is better or more unique than AAPL?
It's an inovative growth stock, with a low PE and Dividend.
How do they do that all that at the same time anyway?

BUT, if the S&P 500's 3.5 yr. Cyclical Bull Market is over, then AAPL will be dragged down with everything else, of course.

I think the Market is waiting for the uncertainty about the Election to go away first, before it decides what to do.
If the Bull Market is still on, and the S&P makes 1500+, I think AAPL will indeed lead the way upwards.
:)
 
Quote from cactiman:


BUT, if the S&P 500's 3.5 yr. Cyclical Bull Market is over, then AAPL will be dragged down with everything else, of course.

I think the Market is waiting for the uncertainty about the Election to go away first, before it decides what to do.
If the Bull Market is still on, and the S&P makes 1500+, I think AAPL will indeed lead the way upwards.
:)
More...

1400-1350 needs to hold as support.
We'll see.
 

Attachments

and if my mom had a penis she would be my dad haha. i am being rational when your the highest market cap stock your not a growth stock anymore. i don't see apple being special anymore. whats so new and special?

the naz was down big after hours too that a very bad sign.


Quote from cactiman:

Going into the Holiday Season with all those new 'peuters available seems pretty good to me, yes.
What stock is better or more unique than AAPL?
It's an inovative growth stock, with a low PE and Dividend.
How do they do that all that at the same time anyway?

BUT, if the S&P 500's 3.5 yr. Cyclical Bull Market is over, then AAPL will be dragged down with everything else, of course.

I think the Market is waiting for the uncertainty about the Election to go away first, before it decides what to do.
If the Bull Market is still on, and the S&P makes 1500+, I think AAPL will indeed lead the way upwards.
:)
More...
 
Quote from brokerboy:

i would not want to be long anything tech tomorrow did you see the naz drop in after hours? i am one that always believes that's a bad sigh even if it moved up a little later.
More...

2600-2550 needs to hold as support.
:eek:
 

Attachments

50 points of room in the s&p with the stock already down 100 points is not a trade that's an investment.

Quote from cactiman:

1400-1350 needs to hold as support.
We'll see.
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i hope you make money. i just see it different i think your not seeing the economic part coming into the picture now. most economist are all calling for a recession and the money managers are calling it a buy.

there is something up i just looked at the futures. i wonder if people know something about the morning numbers.

Quote from cactiman:

2600-2550 needs to hold as support.
:eek:
More...
 
Quote from brokerboy:

and if my mom had a penis she would be my dad haha. i am being rational when your the highest market cap stock your not a growth stock anymore. i don't see apple being special anymore. whats so new and special?

the naz was down big after hours too that a very bad sign.
More...

The Fat Lady hasn't sung yet, though she may be just off stage!
Until those support levels give way, the 3.5 year uptrends are technically still in place.
Can't know the future - unless you have a crystal ball of course.
You either hold and squirm, or go into cash and wait.
Good luck to us all!
:p
 
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