All The Motivated Sellers Took Action, And Have Packed Up And Left
It's over. They're gone. They've all sold. There were massive, massive margin calls that ended last Thursday, and then there were still people and institutions that had decided that they were going to get out no matter what by this past Friday as a result of the implosion the week before. So that's likely why there was still pressure Friday.
As bad as the one-day collapse was, it created a vacuum for everybody to get out that wanted a final excuse to get out in a very short period of time, and that's what they did.
Now, there will be no more motivated sellers. They are gone, whiped out. That's what sets you up for the Island Reversal Tom DeMark was talking about Friday for this coming Monday. Carter Worth has also indicated that this stock is set up for an "epic bounce", based upon it's bounce off of the $435 mark with massive volume.
Even with all the selling pressure last week, the stock still finished up 3.0% on the week. After 4.5 months of relentless selling, the stars might just be aligned for a big pop.
hahahah........Keep dreaming and hoping rookies!! I laugh at you every weekend...its always the same. Wiat til monday!! Mondays the day!! china mobile!! dividend!! split!! margin call!! tax sellers!! Sling slot!! lol
don't forget alot of people who "sold puts" and may not have the cash to have the stock put to them following Apple's big decline, may have had to sell (go short) on "options Friday" as they expect a long position to be put to them on Monday.