Over the last several month and really over all of 2012, the market has had difficulty holding large losses of over 1% in the a.m. trade.
AAPL just broke a support level and I mean just broke it, triggered a bunch of stops and thus is worth keeping a close eye on.
On a daily chart it is a very slight break, almost imperceptible
On a 1 min chart, there's the trendline for support, note the volume pick up as it is broken as traders still use EXACT support and resistance numbers.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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