fatjohn

Tech is kill. AAPL, AMZN, GOOGL

Short
fatjohn Updated   
Beautiful exponential rise for years. Blows off over the upper trendline.
Very similar to MSFT, CSCO, GE in the 90's.
Tech bubble 2.0 about to pop.
AAPL will be strongest thanks to its cash flow and cash level.
After the crash (over 50% for AMZN and GOOGL) the prices will likely recover similar to how CSCO and MSFT did but in 20 years AAPL, AMZN and GOOGL will still be at or sub 1 trillion in market cap.
Trade active:
Well top confirmed!
Still some way to go down.
AAPL as expected the strongest of the big three but did not expect it to remain this strong. This graph might be e too dark depiction if aapl holds up.
Amazon will not see 2000 again for many years to come.
These were extraordinary bubble highs.
Probably continued decline to 1200-1300 and bottom out for a while.
Trade active:
First dead cat bounce phase over.
Hope you did not get suckered in.
We are going to break the decade long support line bottom green.
After that, look out below!
Aiming for early 500's, 30% down.
Top was 837.22.
Fibonacci level of 0.618 corresponds with 517.4.

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