Meg Harper: You're having a panic attack. You know what that means?
Joe Scheffer: Sounds pretty self-explanatory.
--Joe Somebody
Apple (AAPL) has now filled the gap below $580. Volume has been picking up on the way down. The stock is nearly on top of its 50 day MA.
The stock is now off about 10% from its all time high earlier this month. If AAPL is to be the market tell as theorized, then we should expect broader indexes to follow soon.
position in SPX
Saturday, April 21, 2012
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1 comment:
Keep an eye on VXAPL, the CBOE Apple VIX....now around 50, from ~19 in early Feb
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