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... More
AAPL is testing the trendline that extends downward from its recent top. It's a small test, but one that gives an early clue as whether AAPL's recent bounce is likely to have legs.
The success/failure of this market leader may also have implications for the broader market.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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AAPL Faces Short-Term Resistance 0 comments
AAPL is testing the trendline that extends downward from its recent top. It's a small test, but one that gives an early clue as whether AAPL's recent bounce is likely to have legs.
The success/failure of this market leader may also have implications for the broader market.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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StockTalks
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Momo's keep breaking down. Shorted LKND this morning. Add it to CMG and AAPL as momo market leaders continue showing weakness.
Apr 23, 2012
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Shorting CMG here at $423. Now short both CMG and AAPL - playing with "momo" fire.
Apr 20, 2012
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Funny/bizarre that with S&P up .4%, TZA (3x small cap bear) is green and TNA (3x small cap bull) is red.
Dec 23, 2011
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