This is what I wrote when recommending AAPL puts on Jan 7th: "A close below 242.00 takes out the low print of 11 of the past 12 price bars as well as generating the first close below the upward sloping channel from early November. Initial price target would be 230-200 (August Wave 4 low = $196)" AAPL has sliced down through the upward sloping trend channel and broke below $230, while today is knocking on the door of $220 (low so far = 220.80), on its way to $200 before February monthly expiration. Our puts have tripled, on their way to a quadruple. All this while the market has been placating the bulls with rally day after rally day. Who says charts don't work? AAPL 240 Minute Chart Notes The triple 5 TOP occurred on Dec 26th and culminated five waves up at multiple degrees of trend going back at least 7-8 years. Today's gap down fits a fresh third wave down, meaning more is to come in the days and weeks ahead. Going forward, at what point does either the rest of the market pull AAPL up, or, does AAPL pull the rest of the market down? Breaking below $200 may make some noise. RKLB Daily For the first time since last September the PRO options portfolio was not positioned with calls in RKLB as the stock spikes higher. My bad. Let's not let that happen again. Here are two ideas, both with plenty of time for RKLB to rise up into the high $30's and beyond as the chart is saying $43 to $57 for next phase higher.
