Investor in the Wilderness - Latest Comments in Apple Black Friday to Cyber Monday

Re: Apple Black Friday to Cyber Monday

tomtom — Tue, 09 Dec 2008 08:28:30 -0000

Zachhhhhhhhhhhhhhhh

you are a looser and Just like Martha the SEC's and Apple fans (Whic you are not ) got your #. You are history.

Re: Apple Black Friday to Cyber Monday

zach_bass — Fri, 05 Dec 2008 20:03:55 -0000

The Nasdaq is at 1500, but the preferred resistance would be the top of the gap at 1520. All other indexes are within their respective trends. Apple was particularly weak compared to the markets. It remained within its downtrend.

Re: Apple Black Friday to Cyber Monday

Bryan — Fri, 05 Dec 2008 19:25:57 -0000

Were is the Down Trend line right now. Are we right at it again?

Re: Apple Black Friday to Cyber Monday

zach_bass — Mon, 01 Dec 2008 16:46:14 -0000

In my opinion, the next stop is 775, before we get to the recent lows. Then, it's 741 and beyond!

Re: Apple Black Friday to Cyber Monday

zach_bass — Mon, 01 Dec 2008 16:45:04 -0000

Thanks for the correction!

Re: Apple Black Friday to Cyber Monday

Bryan — Mon, 01 Dec 2008 16:17:42 -0000

What a failure of the S&P 20 day average and breaking the Down Trend Line. WOW!!!

Re: Apple Black Friday to Cyber Monday

GSlusher — Mon, 01 Dec 2008 15:11:11 -0000

"First of all, let me explain where the term Black Friday comes from. The word black often has a negative connotation when referring to events, not so in this case, it’s all about profitability, which is traditionally noted in black ink on an accountant’s balance sheet, where losses are noted in red. So, when someone says, “we’re in the black,” they’re saying we’re profitable. "

Do you have any data that shows this, beyond the urban myth? Doesn't Wal-Mart, for example, report huge profits all year-round? Wouldn't any retailer that didn't make a profit until nearly the end of the year go out of business?

That's not where the term comes from. Do a little research, first. It came from Philadelphia and referred to the traffic problems, not profitability.

Re: Apple Black Friday to Cyber Monday

Bryan — Mon, 01 Dec 2008 13:29:03 -0000

Looks like the downtrend line held. We'll see where the market closes.

The 840-850 level needs to hold or we go down just like the previous rally in the beginning of November. That would make people very sick. It will wear them out. I do think a return to the bottom will be heavily bought and would hold so quite a while.

Re: Apple Black Friday to Cyber Monday

J. Miller — Mon, 01 Dec 2008 01:39:34 -0000

Why isn't 896 a breakthrough of the upper resistance line of 890?

Re: Apple Black Friday to Cyber Monday

zach_bass — Sun, 30 Nov 2008 21:10:50 -0000

That may be, but the trend is still down and you can have oversold conditions in bear markets for weeks.

Re: Apple Black Friday to Cyber Monday

zach_bass — Sun, 30 Nov 2008 21:08:42 -0000

I'm referring to the near-term charts. The 15, 30 and even to some extent the 60 minute charts. They are all showing negative divergences between the MACD and price. Also, we are extremely over bought in these time frames as well. This combination of indicators along with being stopped right at the downtrend line provide a high probability of a reversal. Also, as I write this, it appears that the market futures are lower. I expect that the market is not going to be happy with the initial holiday spending, nor the dismal prospects for this shortened holiday buying season.

Re: Apple Black Friday to Cyber Monday

Peter C — Sat, 29 Nov 2008 16:02:25 -0000

Apple's black Friday sale was very disappointing. 5 to 10 percent off doesn't count as big discounts. Come on Apple! $11 off the Nano? Pitiful.

Re: Apple Black Friday to Cyber Monday

FishWife — Sat, 29 Nov 2008 14:27:35 -0000

You keep saying 'negative divergence', whereas the chart clearly shows 'positive divergence'. What chart are you looking at?

Re: Apple Black Friday to Cyber Monday

Bull Mkt — Sat, 29 Nov 2008 11:13:07 -0000

Love to see the negative sentiment- I'm staying long for now. The weekly charts in the indices show we are still oversold.