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  • jkanalysis jkanalysis Jan 28, 2013 6:30 PM Flag


    To answer your question about what i see for aapl now, I expect it to be range bound $400-$470 for quite some time, before eventually falling back to around $250-$280. i got out of aapl friday around $448 and took it off my watchlist. to me, it's dead money for a while. My focus is back to Amzn and Crm. Btw, we have a setup for a possible "island reversal top" on Crm today after the gap up on the split announcement. If Crm gaps down tomorrow and doesn't fill that gap intraday, it would be a picture perfect "island reversl" coming at the all time high - EXTREMELY bearish. The same pattern is the way Aapl ended it's run last Sept 21st at $705 ( I pointed it out the next day) , and the same way the S&P topped in Oct of 2007 at the all time high. And one more, the same way Boeing topped at it's all time high about 5 years ago. Let's see how it plays out tomorrow. I love the March at the money and just out of the money Crm puts ( to get the next earnings report). Good luck.

    Sentiment: Strong Sell

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