I notice that Apple is most likely to have the death cross as they refer to it, when the 50 day crosses the 200 day. I notice that they are putting so much pressure on the Nas that the Nasdaq itself may have the death cross. I don't own any Apple but I sure own Nasdaq stocks. Love opinions on how you think this may play out.
I think youll get support at $500, it might dip below just to test support, but AAPL is a g-d d-am institution, bigger then google, its like Santa Claus and the Easter Bunny.
I think it may trade between 5-600 until something happens to take it higher, apparantly they are going into TV, and thats supposed to be the big deal.
i think the golden cross scare is just that, a scare....this is apple Steve is gone and most likelly his illness and the fear of him leaving is what caused the golden cross, i do remember it dropped down to $98 when Steve was sick, its been up ever since. That is about the biggest reason the stock was down so hard back then. Now there is no good reason other thn profit taking but somebody will be buying it. i think supoort happens near $500 and $450 if $500 fails, but a new era of darkness over Apple?