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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 687.86-0.4%4:00 PM EST

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To: GROUND ZERO™ who wrote (44471)1/24/2013 10:54:13 AM
From: Fintas  Read Replies (1) of 220814
 
Analogy? Heck shhh I've been that canary in the past with other equities. Thus that's my way of providing experience.

The one thing I understand about TA. We can run the lines, criss cross, use pretty colors etc. But one AWE CRAP wipes out a whole bunch of stuff and can take a LONG time to repair. Remember that FLASH CRASH and the damage done in that one day and now long it took to repair. I DO.

And one thing I learned about FA. We can sit down and do the math re values etc, new products etc but one MIS STEP or awe crap can take a stock that did well for years and turn it into mush. The list of examples is LONG.

I don't see that oops with APPLE at this time but make no mistake, apple ran into a wall at 700 and the failure to take out 756 and stopping in the 705 area was the reason I could confidently say Apple downside was 448. Which has yet to be hit. BUT it will.

NOW my concern is ok just how low can they take it. And that takes TIME.

IF the buyers are real then APPLE may stop in the 400's. IF the SELLERS have control then best to be a spectator or find oneself gasping for air as many test canaries do. UGH.

Fintas
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