Its official as of today, Apple the last tech giant to hold out is now in a bear market. Google, Microsoft, Netflix, Facebook, and Amazon entered a bear market around the March and beginning of May sell off while Apple was the last tech giant to enter a bear market. Today is the day where officially all big tech are now in a bear market.
I read from a trader somewhere that he says he knows we hit a bottom when people are so scared that they don’t even wanna buy Apple stock anymore. Thats when we hit true capitulation.
What are your tech buys and buy targets? Today it’s looking like the market is continuing to sell off with tech leading the way down. I guess these are the kind of markets thats going to separate investors into traders and whether we see “investors turn into traders and traders turn into investors”.
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