Sunday, September 20, 2015

[AAPL] looks ripe for collapse

The model from the backlink is still valid but I am beginning to wonder if I have been too conservative in my crash count for the markets.  By the count below it could be explained that the massive dip followed by massive corrective bounce was actually blue 5/green 1 followed by an a-b-c to green 2.  It it a coincidence that the bounce came up to the level of the prior 4th?  Well it could be but it seems awfully convenient and thus highly suspect IMO.

If this chart model is correct, the price target for the next wave down is $75.

Folks, if you don't believe it then go watch the video posted in the comments by reader Augustine where the Taiwanese are absolutely mocking him.  And it's not an Asian vs. Westerner/white thing because their comedy showed Steve Jobs as a strong kick ass figure who they clearly respected.  But Tim what's his name is becoming a global joke. 

Mark my words, his ass will be hitting the pavement sometime in the next 18 months.  He's just another vision-less wannabe, a very forgettable person in every way.  Much of Apple's pricing power had to do with the cool factor.  People wanted to feel connected to the genius of Steve Jobs and forgettable Timmy is not filling those shoes.  Once the market understands that, ASPs of Apple products are going to plummet.

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