We've Lost That Ebb and Flow
So, Apple (AAPL) reversed and the market came down. While the S&P 500 fell 1% from high to low, it was enough to get some bulls rethinking their ways. However, on an anecdotal basis, I thought the bulls were all rather comfortable with the decline.
Just keep in mind that, when a dip came last spring, we witnessed panic among all those same folks who had previously been dying to buy the dip. At present I hear many calling for 1370 on the downside. The red line on the S&P chart below is the one I drew in Friday, when I said I thought it was time to take some profits. Quite frankly, it still looks that way, but the index really hasn't gone anywhere from Thursday's close of 1415, considering it's now at 1413....411 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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