chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
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Post by chinacat on Jun 10, 2019 3:36:06 GMT -8
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Post by dreamRaj on Jun 10, 2019 7:17:25 GMT -8
194+ Nice! Ending the week above 200 would be very nice
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4aapl
Moderator
Posts: 3,657
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Post by 4aapl on Jun 10, 2019 8:49:02 GMT -8
I never got to watch all of this clip, as we had a tab open from AJMadison that apparently slowly ate all the memory until the computer locked up. It still happens, even in Safari on non-primary tabs. Anyways, Ken has an interesting talking style that didn't flow the best IMO, but his ideas are good. Basically, as far as bullishness, he likes to see pain or money outflows or whatever, because people normally overreact. Acting on feelings, they overshoot. He fit in his thing on politics, not for a certain candidate or outcome, but of the cycle he's studied. While I don't trade on it, it makes sense when knowing that the market likes certainty. There was tariff talk too, both with China/worldwide, and Mexico. And it looks like he was right, though it was a broad prediction in the last 10 seconds. But the basics of the market not liking uncertainty and that it tends to overreact on both the downside and upside are things I try to keep in mind when AAPL was scraping the $170 level a week ago. It's always easier in hindsight. At the same time, it's important to identify reoccurring opportunities, in case next time I have some funds on the sideline waiting for the right time.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,126
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Post by Dave on Jun 10, 2019 11:04:15 GMT -8
It would be great if we could close above the 50 MA ($193.81) today.
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