Wake Up Early And Short Aapl As It Will Fall Below 75!!!

Quote from kinggyppo:

gap chart.
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i'm fascinated the psychological connection you see necessary with the gap filling?


I don't buy it, since if this news occured mid-day or markets traded 24 hrs, there would be no gaps.

to me I see it much simpler -- we were testing support levels, which look to be established (80 zone) now and are ready for a leg up.

going back to 60 doesn't make sense unless fundamentals change (enter a bear market or earnings disappoint).
 
Quote from scriabinop23:

i'm fascinated the psychological connection you see necessary with the gap filling?


I don't buy it, since if this news occured mid-day or markets traded 24 hrs, there would be no gaps.

to me I see it much simpler -- we were testing support levels, which look to be established (80 zone) now and are ready for a leg up.

going back to 60 doesn't make sense unless fundamentals change (enter a bear market or earnings disappoint).
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I don't believe I was clear, I do not think AAPL will go to $60.00. I am holding the stock from $60.00 and have no plans to sell it. I doubt I would sell it if it went to $50.00. The future price of the stock is anybody's guess. I am curious whether the latest gap will fill from a technical standpoint. I was speaking to the op who was talking about the short term prospects for the stock. I expect that the stock will pull back maybe to $80.00 and then go above $100 at some point. Just my $.02.
 
Quote from kinggyppo:

I don't believe I was clear, I do not think AAPL will go to $60.00. I am holding the stock from $60.00 and have no plans to sell it. I doubt I would sell it if it went to $50.00.

Don't think you have to worry about. Good start to 07!
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