Tuesday, July 19, 2011
Closing In on a Sell
With the big ramp up today, I am getting a sell signal. The debt ceiling relief is a joke. We all know it is going to be raised, another ruse by the bulls to jump over midget hurdles and find an excuse to rally. A gap up tomorrow based on an AAPL earnings beat will be a screaming sell.
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8 comments:
We went down 4 1/2% straight down and we rally for one day ..1.5% and your calling it quits? Right at the end of the month? Plus earnings have been good?
sour grapes.
"earnings have been good" LOL. They are ALWAYS good.
That's BS m8. I don't think earnings were above expectations at the end of 2007 and for all of 2008.
Earnings are not always good.
There will be a time to short again. Just let the market and hedge funds do their thing next week.
Short into early August.
After hitting $404 in A/H apple is down $12 @ 392.
This market will whipsaw both sides. There is no trend we are in a consolidation year. Daytrading and fading extremes is best for now
Hedge funds will continue to underperform. Buy and hold should be tested to the extreme this fall.
Sure and the market went down because of bad earnings in 2008. The market went down because we had a financial panic, not because INTC missed by a couple of pennies in 2008.
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