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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • AAPL Back At Critical Support Trend Line 0 comments
    Dec 6, 2012 10:46 AM | about stocks: AAPL

    After a quick 10% rally last week, AAPL has returned to test the 4 year support just a few weeks after the last test.

    (click to enlarge)

    Depending upon how the rest of today plays out, AAPL may wind up once again putting in a meaningful bullish wick.

    (click to enlarge)

    While I feel very confident that AAPL has more downside than upside in the long term, this may once again be a good short-term buying opportunity as a "stop" exit price would be close at hand.

    Disclosure: I am long AAPL.

    Stocks: AAPL
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