Technically perfect day. Rallied right up to the 10-day MA at the open, and sold off at the close to key $165. They clean up on the way up, and the way down.

Note: Plunged under $164 now.. this is fucking ugly (excuse me). WTF is wrong with people? I’m totally revolted by what’s happened in the last few days. Utter capitulation this afternoon! Just insane!

Hey MacJ,

I’m thinking 2018!! 

At times like this my concern is any long-term damage that this strange action might have.  (I suppose it still wouldn’t change my holdings, though, so sometimes I wonder why I even watch.)

[quote author=“MacJeff”][quote author=“Col_Klink”]Tommo (and others!),

Do you think these wild fluctuations have an impact on long-term price, or are they just blips to a fundamentally sound stock?

Hi there Col Klink
If you’re in for long: no prob but… if you’re in right now you’ve missed the change to buy. That’s it… Like me. Should have sold today at 176 and buy right now. But for the long: wait till jan 2008. It’s gonna be allright then.

[quote author=“Col_Klink”]Man o man…what am I going to do when I’m back in the States and I have access to such market expertise? 

Hey you don’t need to be in the US.. CNBC is available everywhere via the net, and you can read Cramer at http://www.realmoney.com in real time too if you really want his words of wisdom.

[quote author=“Tommo_UK”]There’s definite pressure being put on the stock to keep it under the downtrend from the high, and to try and make it break the uptrend from the PM today. they meet at 2pm - 2.15pm US ET, and the bears are doing their best whenever the Nas drops a mere point to try and capitalise on it by selling hard.

The set-up for a raid is in motion here. They want to break it during Cramer’s infamous “sell hour” and technically its a perfect storm.

Watch for $171.20-ish to act as support to confirm the stock’s recovery uptrend if the triangle breaks to the downside, or $170 as a last-resort if it doesn’t. No support until $165 below that.

NOTE:
There’s an interesting live angle developing if you draw a trendline on the hourly chart linking the tails from last Thursday + Friday, the highs from yesterday, and the low today.

Well this played out precisely according the plan didn’t it

Bloomberg columnist: “if the market could convince individual investors that the sub prome mess was over, they’d come back.”
You gotta be kidding! The reason they ran away in 2000 and never came back was because you crooks continue to whipsaw and rip them off every few months with more made-up FUD and scandal, and they vowed never to return.

You want them to come back by saying the subprime is over? Try telling them that crooked manipulative hedge funds with the quant set-ups have been trashed, and they might believe you. Otherwise, fcuk off you crook.

This link is the key to my future!  Bye Tommo…I’m off for some REAL financial advice  

[quote author=“Tommo_UK”][quote author=“Col_Klink”]Man o man…what am I going to do when I’m back in the States and I have access to such market expertise? 

Hey you don’t need to be in the US.. CNBC is available everywhere via the net, and you can read Cramer at http://www.realmoney.com in real time too if you really want his words of wisdom.

[quote author=“Col_Klink”]Hey MacJ,

I’m thinking 2018!! 

At times like this my concern is any long-term damage that this strange action might have.  (I suppose it still wouldn’t change my holdings, though, so sometimes I wonder why I even watch.)

Haha… that’s the ‘if i knew now what i know then’ theory.
Unforutunately. We all don’t know. I myself as a long term trader see the slaughter right now but tomorrow may be better. For now big loses and no fun. Hopin’ for a better tomorrow

Hey nice - 166.11 close - up to 167.5 in AH.

Don’t know if this is any reason for the end of day sell program but….

....came across a traders desk
We mentioned in yesterday?s note that the next bout of equity selling could emerge on November 15, which marks the last day of the 45-day notice period at which clients should notify hedge funds to withdraw their money. With the broader market down nearly 7% since the beginning of the quarter, clients may take some money off the table as was the case in Q3 when August 15th was marked with massive selling across all equity indices. At the open of August 15, the S&P500; was down 5.2% since July 2 (open of Q3). Today, the S&P500; is down 3.0% since the beginning of Q4. Given the magnitude of the losses so far this quarter combined with the last day of the 45-day notice period tomorrow may prompt investors to exercise their option to withdraw some of their funds, prompting significant selling by hedge funds in the magnitude of 2-3%, and not necessarily 5%

[quote author=“Tommo_UK”]CNBC: “You don’t want to be in tech in a slowing economy. You want to be in stocks which will see growth which exceeds the market averages.”................

Well CNBC is wrong on both counts, assuming you are right about the economy.  Historical statistics show that tech is the best place to be in a recession, averaging +11% returns.

[quote author=“capablanca”] ... Historical statistics show that tech is the best place to be in a recession, averaging +11% returns.

Link?

ThinkorSwim video chat was all about AAPL. you can see the video later (tomorrow I think).
http://www.thinkorswim.com/tos/displayPage.tos?webpage=onlineSeminar

Historical statistics show that tech is the best place to be in a recession, averaging +11% returns.

IMHO historic data does not say anything about future economic events.

For the fist time in modern history, electronic gadgets like portables, moblie phones, hand-iPod-sets and alike, are on the top of the younger generations shopping list. This top seat has always been reserved for youngsters First Car. But not anymore.

[quote author=“Tullio”]ThinkorSwim video chat was all about AAPL. you can see the video later (tomorrow I think).
http://www.thinkorswim.com/tos/displayPage.tos?webpage=onlineSeminar

This is one of the things I love about TOS. They really take the education of their customers very seriously and spend a lot of time and $$ on it.

d

[quote author=“roontoon”][quote author=“Tullio”]ThinkorSwim video chat was all about AAPL. you can see the video later (tomorrow I think).
http://www.thinkorswim.com/tos/displayPage.tos?webpage=onlineSeminar

This is one of the things I love about TOS. They really take the education of their customers very seriously and spend a lot of time and $$ on it.

d

It’s a shame that the guy was essentially saying that AAPL is in a bearish phase and everyone will be selling any rally. Not what you want to hear when you are long AAPL. Mind you, the guy admitted he didn’t trade AAPL, and to trade a stock you need to know it inside out otherwise you could get blindsided. Therefore, he could only really go on the technicals, not the fundamentals of the company.

The vid was very informative but I would also agree that sometimes technicals can be very misleading. Im obviously hoping that we are at the bottom of the macd and since the stochastics are showing still very much oversold I will be patiently waiting for the upturn.

I think if this was any other time of the year I would put more emphasis on the technicals but as long as all of the Funds repositioning is done by tomorrow I would imagine that we should be heading back towards the highs in the near term.

I would agree with the speaker in the video that the majority of the selling has been the large institutions repositioning their money realizing huge gains, which in turn scares all the cows to the edge of the cliffs.

Im looking forward to next week and I wish this one would have ended yesterday