Replies to post #92927 on Apple Inc (AAPL)

[sasi]

if by any chance it breaks 525 tomorrow into low 520's longs will consider it as sell and there will sure slide further into 510's and 500's.

[SupaMario910]

You seem like a bear regarding Apple which is fine of course, but I think it's causing you to be a bit bias. You say that it won't go above 547, but it was already over 547 in premarket today and shortly after the market opened, plus it didn't go down convincingly enough at all to go short. It also bounced back from it's lows each time when previously we would have seen a total breakdown. People are more cautious to go long nowadays, but the stock is bottoming out and I don't think it's going to gap down the rest of this week. If anything, it's going to gap up. Definitely not a 30 point drop as you're suggesting.