Does anyone see a reason (with whatever strategy you use) why AAPL went down today, Friday March 20, 2015.  I dont see any news either that seemed like it would have pulled it down like that.  Maybe Im looking in all the wrong places tho!!!  

Today was options expiration.

Thanks

Diceman, I just saw an article saying the same thing.  Many people posting comments complain that its manipulation etc.  Is it safe to say technical analysis wouldnt have shown me anything or is there something i could have seen in advance.  And of course I am referring to such a big move.  Aapl is the only one on my watchlist of about 20 stocks that this happened to.

For the record i did see a negative divergence on the 15m chart with one of my indicators and the price move for the day at the time was no where close to its ATR.   In your opinion woukd that be a good enough strategy to take a chance on??   Funny that by the end of the day the ATR was met.

Because theres no single definition for technical analysis its
difficult to say what it would tell you.

Something as simple as a break of yesterdays low would have
had you in this. Someone using 2 min bars has a lot better chance
of catching this. Someone who uses hourly bars and waits
for them to close is out of luck.

Everything is about definitions and only yours
matter. Its funny when you look at  daily bars nothing seems unusual in
price movement or volume.
 

Thanks

AAPL was included in the Dow Jones Index as of Friday. Possibly the stock had been bid up in anticipation,and then sold off a bit when the event occured.

Buy on Rumor, Sell on News

since AAPL is one of the most highly traded option stocks that most certainly would have an impact on expiration day,  but just look at the chart daily - Thursday stock close at lows and Friday alot of trades could have had stops at or near prev day low, so alot of folks got stock orders trigger and cause that final candle to be so bad.  If you got stopped out you see what i mean.  Also the big option sellers know if they can push it through that low they can trigger some stops and get that closing price down. IF they had sold heavy option calls last friday they certainly benefit alot if they can move it down a few bucks at the close.  and that few bucks =  a few hundred million bucks maybe

I remember hearing that but forgot it was Friday.

Thanks everyone.  Makes sense to me now.