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CONTRARIANTHINKER |
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October Surprise - Newton's Apple?
Late September 2000 Apple was trading above $30. It closed October at $7. A fall of >four times.
The Structure of Tops
Conclusion There is a strong possibility of a rapid fall before the blue triangle is 2/3 completed unless we get an upside break, probably from here. Shorting Apple (except intraday) is asking for trouble - it gaps up too easily! I bought put options at this week's highs. IMO it was worth the strictly limited risk, given the unique chart symmetries. That and the fact that the DOW may be turned back at 11750. Both these (and other charts) could soon start to show monthly double tops which would be a huge technical sell signal, and one which I do not think the market is expecting, despite these (and many other horrendous divergences). 1) Truth and News 2) US (crashing) and UK (rising at 15% pa) housing markets 3) 5th October is going to be a day of mass demonstrations against the global cartel while the so-called 'Torture' bill which enables the removal of people without notice or recourse to defence to be tortured into confessions of, well, anything. 4) The official timeline for 7/7 fell apart when the train the 'terrorists' caught according to our masters in government turned out to have been cancelled! 5) 'Liquid' bombers languish in jail despite the fact that a liquid bomb would be impossible to prepare in-flight, and in any case most did not have passports and none had airline tickets. 6) The Pope, Bush, the media, all are winding up the demonisation of Islam in the name of God. 7) The president of Pakistan, linked in so many ways to 'Al Q' and 911, claims the US threatened to bomb Pakistan into the Dark Ages (or words to that effect). Meanwhile diverse UK residents with Pakistani ancestry are voicing mortal fear of the ISI. Odd, too, that UK terrorists seem mostly to be Pakistanis... While the US terrorists were Saudis .. both Pakistan and Saudi Arabia are allies in the 'war on terror'. It is obvious that what Clive Maund recently called the 'Axis' lies behind all of this. 8) The fomentation of war and hate in the name of God - whose prime directive is LOVE! You can check out any of the above by simply typing a few key words into Google. Use your brain. Do not accept propaganda. Check everything out. Don't take my word for anything. Belief is the enemy of truth. dB |
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© ContrarianthinkeR 2002-2003 all rights reserved. Caveat Emptor - Buyer Beware! Any information posted on ContrarianthinkeR is not intended as direct advice. Do your own research before devising an investment strategy. I did. Webmaster RODIN |