botje11

Apple and the Parabolic rally

NASDAQ:AAPL   Apple Inc
People have gone really mad, buying up this huge stock at current prices. I have no other words than to say that people are just FOMO buying here, not even being aware of what price they are paying fundamentally.

Anyway, piking the high is a guessing game, but there might be a nice setup now. As i just updated in my channel, good chance we wont see any big drops until end of this year (window dressing), but individual stocks still might make a move. There is no H&S , but the sizes fit it perfectly, with the left shoulder and the high of the head. Also what we are seeing past days, could be a bull flag but it could also become a small top formation.

Ideal version would be, to see a big opening gap below 275/4, because that would make the top formation and the H&S very likely. Another version would be to see a break up and seeing it drop just as fast again. That would indicate a stop hunt before starting the drop .

I am personally taking on a small size here, want to have a start position. Waiting for any of the above or maybe another real sign, before making the position anything serious. Stock market has been heel for people who have shorted it past 2 years. There is no sense to be made, for a long time, so i have not even tried to make sense of it. Think only thing we can do, is what the chart, that's the only real thing.

Previous analysis :)

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thanks as always, glad to see you posting. gap up abandoned baby on the spx, makes me think the its gonna get ugly soon
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I own the stock LT but would if I got 281 by march. So sold some 275 calls a few weeks ago and now I am at breakeven. But with such a strong move higher, just bought some 275 Jan 3rd puts thinking there will be some profit taking going into the end of the year for institutional portfolio rebalancing. Would love to see that gap down sooner than later and take advantage of the volatility.
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I admire your work. But honestly I don't know what you are talking about fundamentally. A adjustment? I agree. But if you think it is the finish of the rally. Please think about the fundamental of Macro and how great its company is doing and its actual RV. Again.
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Thanks, David. Glad to see you are throwing in some non-crypto analyses :) Keep them coming
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Well said. The current market is the picture of human folly.
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