Not buying AAPL; technical structure shows a double top failure at 344 and price below 8/21-day MAs.
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a lot of people like, "Hey Red Dog, so you could buy Versa, what happened to Apple?" I'm like, "Well, again, on the weekends, I try and just give you a lot of charts." I say, "Put this in your pocket or print it out.
It has on that charts on those charts are double tops, double bottoms, W's, wedges, triangles, this, that." So, let me ask you a question. What does Apple look like right here?
Does it look like a double top where you have 344? Granted, the computers push you through a little bit. Went to 34534 and I was like, "Hey guys, this would kind of suck if you're playing for an all-time high if it puts in a double top."
And I put a double top in. And then red dog reversal. What's a red dog reversal? Pushes through. Doesn't hold. That means it wasn't enough strength for it to hold. It came back in.
That's another sell signal. Some guys said, "Hey, Red Dog, I'm shorting this here at 341. I have an easy stop at 345." I'm like, "Okay, well, you know, shorting Apple over time in history does not really make you a lot of money.
It's better to be an investor and a trader there, but you could do what you want to do. I'm just not buying it." And then yesterday, I'm like, "If it can't hold 344, you know, you really have to adjust."
So anyway, Apple went all the way down to 32870. So now it's below the 8day, below the 21day. So, what I say is if you sell the 8day, you could test the 50-day instead of sitting in it and going under water.
But if you're not that active and you've been in Apple for two years, then you don't really care. I'm trying to talk tactically here.
What's Apple doing this morning? Apple's up 9 cents. Not a whole lot. So, what they do sometimes is they'll play with that number. They'll push it below 32870. see if you know they stop people out and then you get some price discovery and maybe you know it puts in a low and reclaims that and gives you a little bit of a spot a spot not like a special name to massage and go a spot and these spots can add up if you take those trades.
Um, so again, you know, from look at the size of this move in Apple that gave you a really nice active sequence post event for the duo. And there is those Mac rumors that the production is is slow or the iPhone 18 the demand isn't as strong.
So that's what also had to come in. But there's always those kind of things heading into, you know, a launch. So there it's going to be a lot of noise here for a while. So when it's noisy, you just have to do less and be very careful.
Besides long-term it's very good just like Apple was back in the day.
What this channel has said about $AAPL
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