A failure day like today, at such a significant zone, really leans odds for downward action of some sort. Apple off 13% to boot. We will see. New moon anyone?
Thursday, January 24, 2013
Inventory Re-Balancing
We all knew that this market was getting too long, yet, even the Apple miss last night didn't stop it from almost testing 1500. 1497.75 was it and the market liquidated to a minor new low below A period. And that minor low triggered the trade of the day for a nice reversal.
A failure day like today, at such a significant zone, really leans odds for downward action of some sort. Apple off 13% to boot. We will see. New moon anyone?
A failure day like today, at such a significant zone, really leans odds for downward action of some sort. Apple off 13% to boot. We will see. New moon anyone?