joseph1986
Experienced member
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postman
Anyone know what effect an -8% move on Apple should have on the S&P price?
The last info I have on it is
Every $1 move by Apple moves S&P 500 up or down 0.6526 point
http://www.marketwatch.com/story/heres-apples-impact-on-the-sp-500-tech-sector-2015-08-05
Its down $10 so thats about 6 points Just for Apple.
Guess were just going to gloss over that little imperfection in the grand plan. You know the bit where the companies we invest in actually make money and return it to the shareholders. What an antiquated idea.
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postman
.
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postman
Watch out I think 'piphoe' may become unbearable pretty soon.
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postman
10 minutes before the open they decide to sell. 🙄
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postman
I guess they ramp it 150 points ON the open then.
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postman
Thats a 50 point ramp in 80 seconds.
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postman
Looks like the next 50 point ramp in the dow is just about to take off.
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postman
Dow low was 17933 so I'm shorting it around 18030 area, thats the 100 point up move level. (Which doesnt happen Every day :whistling).
Gone ..short the Dow...in an effort to stay awake for the FOMC
Covers half the Dow position.
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postman
Dow low was 17933 so I'm shorting it around 18030 area, thats the 100 point up move level. (Which doesnt happen Every day :whistling).
Well the low came in at 17,920 so 18,020 is the 100 point reversal today.
Get ready.
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postman
Just went short Dow 18,018.
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postman
Dow looks like its going to 17,920. If it stops there it will form an inverted head and shoulders and look to be set for 18,150.
If it breaks 17,890 I think its a real downer, hundreds of points.
It did bounce there. Lets see if it holds tonight.
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postman
Short dax 283 down to 230
Hasnt been below that level even since I opened.
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postman
Just went short Dow 18,018.
Closed at 17,995 to close to FOMC now.
Sonicscooter
Experienced member
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Thats a sign of a stroke.
At your age you better get that checked out. 😛
Not only that mate, i'm just eating some Jordan's cereal, and realised i'm using 2 spoons together.......😱
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postman
Normally when a company misses their targets by such a distance to cause the share price to drop 6% (apple) the rest of the sector takes a hammering too. Not in the good ole US of A, none of the other companies in that sector on the S&P have dropped in any meaningful way, this is the new normal.
Normally when a company misses their targets by such a distance to cause the share price to drop 6% (apple) the rest of the sector takes a hammering too. Not in the good ole US of A, none of the other companies in that sector on the S&P have dropped in any meaningful way, this is the new normal.
None of them rose astronomically over the last 20 years either
