Apple, Inc. (NASDAQ: AAPL) dropped 5.50% today. Totally disaster. Once again, I have been telling over and over again in my Blog that AAPL is destined to drop to $400.00. Now, $400.00 might or might not serve as a strong resistance. At least $500.00 did not hold AAPL for too long, but don't blindly expect it will be the same this time. I suggest for those who short AAPL covering their stocks and observe what's going to happen now. Shall AAPL bounce back to MA(50), I will initiate short position again.
my previous post, TSO has fully formed a double top pattern, so now, looks more similar to a Head and shoulder. I target $45.25.