Hello…Hello, Anybody home? Think McFly, Think!
is seems AAPL has fallen asleep at the wheel. given, it’s friday afternoon and all so i don’t want to read too much into it but the last time volume fell off a cliff like this and prices compressed so tight that you’d think it had stopped trading was right before the quick pop (to run the stops and suck a some longs, naturally) and then the bids collapsed, giving AAPL the sharpest intraday plunge in weeks, if not months or more. the stock then managed to stabilize into the close only to experience a virtually identical plunge (in both scope and duration) at the next open (the beginning of the plunge should be view from the previous closing price, not the open). can’t say for sure it will happen again but keep an eye on that EUR/USD 1.31 support level as a break below will likely usher in a wave of selling in the equity markets.
