Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (6519)	1/5/2019 10:18:37 AM
From: Fintas	1 Recommendation Recommended By toccodolce Read Replies (2) \| Respond to of 26758

OK. I just open up a post directed at me and read what's within it. I'm not privy to other dynamics going on these message boards. But while I'm here. First GE. I want to see how high it pushes, how it handles the retrace and as I watch that I'll be watching the indexes, and GE's FA for me to say.. OK.. the bottom is in. So it has a bounce going that turned it's RSI UP in X's. Which it tried to do in the past but failed. However it's PEER RSI did turn and then it too failed but now they both are UP in X's. So obviously someone is BUYING. The question is for how long. The RSI pushed to the .22 ish. And a .30 is very possible. BUT that's another near 50% from here. We shall see. IF so. great and if it only drops back to the 8.1-7.1. COOL. BUT if there's another run at it due to some debt issue I'm not ruling out the 5.87 re test. So until.. There are a gazillion places to be where stocks are simply experiencing a healthy retrace and not some concern of X billions tied to pensions, having to do an IPO.. or other to raise some cash. That's the good thing about AAPL. JOBS learned long ago to tighten things up and COOK has done a very good job at it. However, I also looked at it's RSI after that move yesterday and ZZZZZ. So can aapl do a bounce of 10-20% off it's lows. YUP. But is apple done going down? Not according to the RSI chart I'm looking. Yet I do hold the caveat that while I expected TSLA to drop ya can never rule out a CEO that is creative or that has money or FRIENDS with money. That is why I don't see doom and gloom for AAPL. Just a healthy retrace for a stock that was 100 back in 2007 pre splits and before a 2 for 1 and then a 7 for 1. OR a stock that could have been bought for a long tie in the 14's PRE splits i.e the 2 for 1 and the 7 for 1. Dropping from 230 ish to 143 ish is chump change for the person that owns it in the 1's post split. IMO I only watch aapl because of it's weighting in indexes. Be well and hope you don't have to deal with too many pillow fights. You are a good timer. Your record speaks for itself and as that chart you put up showed. ME? I'm no timer. I just look for SAFE targets UP or DOWN. Fintas