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May 06, 2018, 09:50:51 PM |
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APPLE (AAPL) rising may make equity indexes move higher.
AAPL is such a huge stock it can drag indexes higher even if many other stocks are falling, even on good earnings news.
Point: If AAPL – or any other big tech stock - is acting as a safe haven, then crypto is free to start an unrelenting up trend.
Eventually, people are going to figure out that investing in crypto may make more sense than investing in big tech stocks.
Don’t be surprised if Nvidia’s earnings on May 10 bring the equities tech bubble to an end, and the transition to crypto as the future of tech can begin in earnest.
Looking at stand-alone crypto technicals, the potentially colossal up move is starting from “the ground up” in the big caps.
Twitter: @BoomerCapital
Web: boomerangcapital.org
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