***if*** the capital capacity of AAPL's regulator has not changed, then the $229 area is nearing the end of the road for AAPL before it heads to it's de-leverage pt.
Bravo! That is a key point. A lot of market participants just go hogwild when their key points are reached, and forgot about there is a ” ***if**** ” clause. Damn the fine prints… LOL.
yeah going long now is like walking on fire
don't forget this indication last friday from the operators
http://www.flickr.com/photos/47091634@N04/44203…
some possible good news for the bears:
***if*** the capital capacity of AAPL's regulator has not changed, then the $229 area is nearing the end of the road for AAPL before it heads to it's de-leverage pt.
the XLF isn't there yet, creeping closer to $15.82
I got ya… We might not be ready to go short yet, but going long is probably a bad idea at this level.
Yep – the tough part is figuring out what to do in the interim if it blows through that number. Thanks for all your info Sundancer.
***if*** the $RUT closes the month above 679.75 then the bears worst nightmare will come true, but March 31st is a ways off
Sundancer,
What about this XLF
Carl at day’s end:
1123-1139 estimate today for /ES (16 points, June Expiry)
1134 -1145.50 actual today (11.5 points)
Missed by a mile.
Trades:
In /ES at 1140.50, out at 1137.50 (loss of 3 points)
In /ES at 1139.75, out at 1137.50 (loss of 2.25 points)
Grade: D – (could have been worse)
“…..***if*** we are going to turn down …”
Bravo! That is a key point. A lot of market participants just go hogwild when their key points are reached, and forgot about there is a ” ***if**** ” clause. Damn the fine prints… LOL.
But, if the RUT runs to 690, won't it indicate that is no longer a back test and we won't turn down?