it was about being dangerous to press the short side in such extended condtions as it was in: basically down 200+ points on no bounce. Now some pressure is being released. It didn't mean notthing, it meant something, expecailly to those who pressed their shorts toward AAPL 500 today. And that was my point of the pointing out the low RSI on what was the leader of the whole up market. It still has earnings and paying a pretty good dividend at this point here.
you get those in bear markets where you can get reamed very quickly. It's not meaningless. Not a good place to keep pressing there in my view. Not whether you are buying, it's about whether you are shorting. It's called the underwater beachball affect and it's coming to AAPL to over zealous pressing shorts there. You watch.