Sep. 6 at 2:42 AM
$APP Recency bias? You're correct,
$745 is relatively recent. About a year.
Time-tested head & shoulders TOP. Just as valid today as it was 100 years ago. Baldwin Locomotive. Anaconda Copper. Not recent, but APP's right shoulder quite recent. Reflects failure.
NOBODY has an unbooked profit long beyond 20 bucks Shorts do, albeit. also unbooked. Lots of overhead supply, with no risk control and open losses. just waiting for a rally to exit near their respective break evens. It's recent too. North of
$500 mostly gone. A few straglers above
$600. Above
$700? ALL GONE.
Most definitely entertainment. Gauge the pulse of how weak the hands are. Rationalizations, excuses, dreams, and irrelevance.
Enjoy the NEXT rally, an ax inventory adjustment.
