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Created on: 2/28/2012 10:45:16 PM Last Update: 2/28/2012 10:45:43 PM Posted by: RTT
WARNING: This entry is 4828 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Apple Inc buying climax is now extreme
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 The price of Apple Inc has been exploding higher. The folks on the buying desks have forgotten that markets do not move in straight lines they zig zag. The AAPL price extension is at levels where any further buying is just ridiculous, as lower prices in the next few days or weeks is almost a sure thing.
Previous Post: Apple Inc buying climax signals sideways action
One must be careful to not to upset the massive Apple Inc fan club, as folks who have been buying (with no margin) have not suffered a correction greater than 10% (since the March 2009 lows). However the expected minor correction in AAPL is not a concern, it is what happens to the SP500 when holders of Apple Inc shares start selling. Whenever AAPL prices get this far extended and selling starts the wider market has the more interesting story and hence suffer the more serious correction.
Point: When AAPL is sold down, the rest of the SP500 is most likely sold off at least x3 the strength. (Relative strength reversed engineered)
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
.."One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have cost stock traders, taken together, enough millions of dollars to build a concrete highway across the continent."..
Jesse Livermore
..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..
Bernard Baruch
.."A socialist is someone who has read Lenin and Marx. An anti-socialist is someone who undertstand Lenin and Marx"..
Ronald Reagan
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...
Paul Tudor Jones
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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AAPL AMZN AORD AUY BB BTC COP DJI DOW DXY ETH EUR FB FXE FXY GDX GDXJ GLD GOLD GOOG HMY HUI INDU JJC LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SILVER SLV SOX SPY SSRM TLT TNX TRAN TYX UTIL VIX XAU XLE XLU
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