One of Jim Cramer's Twitter followers asked him on Monday night if he is turning on Apple, and he took it personally. Just because the charts for the stock look gloomy, that doesn't mean he is ready to trade it.
"I said on air that Apple's chart was the worst in the book," the "Mad Money" host said.
Before the news broke that the European Union slapped Apple with a $14.5 billion tax bill, Cramer saw that the charts for Apple were struggling. The technicals for the stock suggested that it was ready to plummet.
Thus, Cramer already predicted that Apple would get hit with a giant tax bill based on the chart, and acknowledged this on air. He just did not have the foresight to know the stock would get hit off the news when it broke.
"I was just looking at the chart, and it was terrible. Oh, and it remains terrible," Cramer said.