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stowstpheonix
Sep 22, 2020 2:32 PM

APPL going below 100, maybe 85. Short

Apple Inc.NASDAQ

Description

The artist in me say H&S, all over the indexes too. we will see lower prices.

the data scientist says:
Apple's bounce was not in a large support area, suggests short term covering and some BTFD calls are pushing it up.
The big volume has been long since ~70 and is still sitting on big gains. I'm short apple, and will look to cover and look for longs south of 100.

Chop on the way there only confirms the big bids are waiting lower.
Comments
CobraVanguard
great
my Analysis
Therealkoop
I understand the 96 gapfill idea, but where does the 85 number come from? I see that one pretty often too.
N0tSwift
I agree. I suspect the bottom will be between 85-96 *NOT FINANCIAL ADVICE*
Basilt
Indexes like SPY hit the weekly support area and show signs of buyers coming in. APPL strongly correlates with SPY index.
cher9al
hi there - good thoughts on this - hoping you'er right on the money - i'm shorting appl as well.
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