sp'60min
AAPL, daily
Summary
*with the current price action so strong... the threat of another major wave lower is diminishing.. as reflected in the VIX which is set to lose the 30s.
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For now.. I am content on the sidelines.... as others are doubtless willing to battle it out in what remain hazardous conditions. Call it what you want, but unlike some, I ain't lost anything today.
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re: AAPL. There is of course the issue with Mr Cook and his love letter to Cramer. Ohh, I mean... the 'this is not breaking any SEC rules' letter.
Yes.. everything is fine when you're a billionaire.. if your stock is under pressure.. just give Cramer a call... or fire him an email telling him how your sales are fine.
No doubt, despite some - notably those on ZH, calling him out on it... Cook is one of the gang... he won't get pulled up on this mornings letter to rescue his stock.
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1.24pm... Well... the micro 15min cycle looks maxed out.
Now its a case of how far down we go.. but I've seen too much upside to consider shorting into this.
.. or maybe I'm just weak?