Are AAPL and Bitcoin about to Feel the Wrath of ‘Matt’s Curse’?

Two bubble vehicles, among others, got sacked on Tuesday: AAPL shares and the Bitcoin Index. Although odds favor their recouping the losses in the days ahead, that is no reason for bulls not to worry. For in fact, both peaked almost precisely at the ‘secondary’ Hidden Pivot, 25% shy of their respective rally targets. A stall at or very near this pivot is known to Rick’s Picks subscribers as ‘Matt’s Curse’. Although Matt, an avid silver trader, has not made a scientific study of the curse that came to be named after him, he has accumulated sufficient evidence to suggest that a stall at or very near the secondary pivot, which lies midway between a pattern’s midpoint pivot and its ‘D’ target (see inset), tends to prove fatal more often than would occur randomly.  Which is to suggest that it is the most dangerous place for an ABCD-type rally to fail. Moreover, when this occurs, the stock stands a good chance of retreating all the way to the pattern’s point ‘C’ low. If this were to occur in the Bitcoin Index, which is currently trading for around 4413, it would imply more downside to 3879. And if AAPL, currently at 162.03, were to do the same, it would fall to 154.63. Under the circumstances, and given the severity of this scenario, the prospect of ‘Matt’s Curse’  panning out deserves our most utmost attention in the days ahead.