ES Journal - 2019/2020

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volente_00 said:
AAPL writing has been on the wall for a long time. Hell for the past 2 years United State's retailers have had to incentivize iPhone transactions with gift cards just to keep demand up. 10 years ago iphone was $300-$400 and now $1000-$1,200. Consumers simply won't support upgrading as often after a 200% increase. And how many sweatshop workers in China can afford a $1000 device? To me AAPL is a non event because it has now become a luxury item to most with many cheaper alternatives.
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and that's where Blackberry steps in-----
 
volente_00 said:
AAPL writing has been on the wall for a long time. Hell for the past 2 years United State's retailers have had to incentivize iPhone transactions with gift cards just to keep demand up. 10 years ago iphone was $300-$400 and now $1000-$1,200. Consumers simply won't support upgrading as often after a 200% increase. And how many sweatshop workers in China can afford a $1000 device? To me AAPL is a non event because it has now become a luxury item to most with many cheaper alternatives.
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Sound logic. Had you followed it and shorted you'd have recouped almost 80% of your losses...you know, if you didn't use stops or have a broker concerned with your margin.

The news wasn't AAPL or iPhone sales. This flipped the trade war narrative (Chinese demand directly affecting US stock market...something tangible they can put to as battles won). And the story on AAPL was not China hit saturation point for AAPL as something hit saturation point somewhere. This is a first incident, not an isolated incident.
 
Well, I'm certainly seeing this as the bottom of the 2475-2525 range. Once we break that, we break the S/R of the Feb lows...And there's just nothing below that to stop us.
 
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