Saturday, January 18, 2014

Here's why I model that AAPL is going to plunge dramatically soon

After completing a 5 wave ending diagonal with a throw over, the shares have created a 1-2, 1-2 formation.  That means that what is coming up is not just wave 3 down, but rather a more powerful wave 3 of 3.  The action within that little blue circle is everything right now. If that support cannot hold, and I do not think it can, 10% will vaporize from AAPL's market cap in the next 2-3 weeks.  If this happens it will spook the heck out of the market.  The collapse of BBY is going to weigh heavily on AAPL "investors" (cough cough margin-leveraged gamblers I mean).

With record margin debt at play, please recognize that the valuations of these stocks are all fake, Ponzi pumped jokes.  The Dow will fall mightily over the next 18 months IMO.   You probably do not want to know the truth.  Yes, it's that bad.


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