The criminally engineered, $8 shakedown on the opening bell Friday missed my 176.93 target by a hair, setting up a possible short-term bottom. If so, AAPL looks like it will ripen for ‘mechanically’ shorting at the green line (x=191.04), even if a subsequent relapse only delivers a one-level profit. In retrospect, my decision to switch to MSFT as our one-size-fits-all bellwether appears to have been sound. The stock has clearly lost its mojo, even if it still moves with the heft of a blue whale.
AAPL – Apple Computer (Last:185.84)
Posted on February 4, 2024, 5:19 pm EST
Last Updated February 6, 2024, 12:57 pm EST