Thoughts on Apple...

[The_Krakenite]

I wake up, and am told that China has lost control over the newer variant of Omicron. They are locking down cities today and it's worse than they've ever had it.

Apple factories are shut down for who knows how long, and let's just say I expect horrible earnings in the near future.

Despite China markets already started a sell-off, Apple in the Nasdaq pre-market hours hasn't crashed (yet). Just down a few percent for now.

Question is, where will the bottom be and when?

 

[Nobert]

I wake up, and am told that China has lost control over the newer variant of Omicron. They are locking down cities today and it's worse than they've ever had it.

All of that is just to reach that bottom of 2016. Nothing to be afraid of.
Their whole market going bonkers, despite of sectors or fundamentals.
Pro boyz accumulating for the next 10 yrs.

 

[maxinger]

When the chart shows some reversal pattern, then most likely it has hit the bottom.
for the MA fans, they'd say wait for MA to cross up.


When? we will need to consult the nuclear-powered crystal ball.