Apple IncShort
Don't Be Tempted: US Tech has a Ton to Fall By Summer 2020
For those who have been following my advice you would be fairing quite well. In-fact if we go back to when the SPX was near 3280-3300, I hinted that a large sell-off could be lurking in the woods (unknowingly at that time how much and the cause).
If you look back at my ideas when the markets started tanking, I specifically told people not to touch the market for longs - and this has been a consistent view before everyone started to see the real demise.
Nonetheless, US tech especially, should not be touched even on dips. Many investors will be tempted to touch names like Microsoft and Apple as they continue to drop, however, the drop in US tech has only begun. In-fact, US tech will likely see multi-years of malaise and hang around an eventual bottom for at-least 2 years after it has formed.
This malaise is not just going to happen with Apple, but most of the "big names" that went parabolic in 2019 such as Microsoft.
Don't listen to the "perma bulls" on CNBC. This is not the time to enter longs and try to dip buy.
Note: If you measure the reflex angle of the declines in Apple over its stock history, they range between 75 and 80 degrees. This time it will be no different. The stock will fall as stated by the time-line I stated or earlier.
- zSplit
If you look back at my ideas when the markets started tanking, I specifically told people not to touch the market for longs - and this has been a consistent view before everyone started to see the real demise.
Nonetheless, US tech especially, should not be touched even on dips. Many investors will be tempted to touch names like Microsoft and Apple as they continue to drop, however, the drop in US tech has only begun. In-fact, US tech will likely see multi-years of malaise and hang around an eventual bottom for at-least 2 years after it has formed.
This malaise is not just going to happen with Apple, but most of the "big names" that went parabolic in 2019 such as Microsoft.
Don't listen to the "perma bulls" on CNBC. This is not the time to enter longs and try to dip buy.
Note: If you measure the reflex angle of the declines in Apple over its stock history, they range between 75 and 80 degrees. This time it will be no different. The stock will fall as stated by the time-line I stated or earlier.
- zSplit
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