Apple IncShort
Obvious Bearish T-Rex Formation
As you can see AAPL has been supported by the head of the obvious T-Rex formation, but is about to finally give in. AAPL has been holding up the entire market with its manipulated price action that I had predicted when I first lined up this masterful chart. Soon the stock will follow along the back of the dinosaur and fall like an elevator straight down until its first level of support.
My $47 support target on AAPL at the top of the t-rex's mouth is where I expect a dead cat bounce and a "return to normal" for armature charters. Following that dead cat bounce, will be a slow grind down the back of the dino.
Here is where many will think I am crazy: As shown on the chart, I believe we will see AAPL reach the negative territory as Crude Oil did in the summer of 2020. in my 69+ years in fundamental analysis I have never seen a company fool so many foolish bulls as on this one. In Q4 this year I imagine Tim Cook and his cronies will finally come clean on their true earnings and there will be no chance for you to get out above $0 a share.
To capitalize on this play I have bought 10,000 $5 puts for this Friday and will do so every week until I am right. This play is a cinch. I expect to make millions.
This is not investment advice. This is me bragging about how much money I will make.
My $47 support target on AAPL at the top of the t-rex's mouth is where I expect a dead cat bounce and a "return to normal" for armature charters. Following that dead cat bounce, will be a slow grind down the back of the dino.
Here is where many will think I am crazy: As shown on the chart, I believe we will see AAPL reach the negative territory as Crude Oil did in the summer of 2020. in my 69+ years in fundamental analysis I have never seen a company fool so many foolish bulls as on this one. In Q4 this year I imagine Tim Cook and his cronies will finally come clean on their true earnings and there will be no chance for you to get out above $0 a share.
To capitalize on this play I have bought 10,000 $5 puts for this Friday and will do so every week until I am right. This play is a cinch. I expect to make millions.
This is not investment advice. This is me bragging about how much money I will make.
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