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1. AAPL staying above 623.55 = Good 2. AAPL ending up in between 623.55 and 567.56 (the dip after the July Earnings Announcement) = OK 3. AAPL falling below 567.56 = Poor 4. AAPL falling below 519.95 (the last Higher Low in the Uptrend) = Bad I see lots of support in between those lines...

623.55 is still the pullback low. We'll see if it holds. Will AAPL go sideways for a while in the 620-640 zone? Or will it rally up to 670? Or perhaps it will crash down to 580! Next week should be interesting.... :)

AAPL is by far my largest position, so I'm happy just watching for now. My concern is the 600 line. When convinced AAPL will stay above it, I might add a bit more to the pile. But if AAPL falls through 600, I will be making some "adjustments". :cool:

It would certainly help stocks to rise if the dollar would start falling again. But it's been doing its "safe haven" thing for the last 4 weeks, because it's so bad in Europe, etc.

So far the weekly volume has been lower than during the April-May pullback (100M peak vs. 175M peak), but that could change if the funds start dumping big time. This could all be a "Bear Trap" as well. Earnings could produce a nice snapback rally, with a short covering panic! So I guess we're...

The tone of the news changes all the time, from bad to good, from good to bad, etc. Sometimes I think the media is probably in bed with Wall Street: "Hey, can you print some bad news, we need a dip this month..." All I go by is past behavior on the charts, and some of the fundamentals of...

Maybe we'll both be right. You'll make some $ this month, and I'll make some $ next year! Time will tell. :cool:

Added to my long position today at 631.97. 623.55 still holding as the Higher Low. So far it still looks like a reasonable pullback (-11.56%) to me. We'll see what happens when earnings are announced on the 25th. :cool:

Yo Caveman! Isn't that illegal? Doing a bet on a bet? :p Anyway, here's some of the latest on the Stock of the Century...

Shooting Salad? Ha! I agree with Mr. Wu: ...Shaw Wu reiterates a Buy rating and an $840 price target, writing that... "We believe concerns are overdone and this appears to be a typical consolidation after a big run. From our supply chain checks, demand remains robust with improving...

Assuming that "wick" is the bottom, there's a lot of work to do now - getting back up to 700, with all that resistance overhead....

I like "rewarded". Nice word that... :D

I like that "Hammer" Candle at the end of the chart. Did AAPL's latest pullback hit bottom this morning???? :cool:

Guarantee? In the stock market? You got the wrong "G" word there. I only use other one: Guess! :)

I'd settle for a price of $10,000 per share, sure. :D :D :D :D :D :D :D :D :D

All opinions and facts are welcomed. More ingredients to mix into the Stock Market Soup! :p

So far AAPL has pulled back -11.56% (705.07 to 623.55). Earlier pullbacks over the last 2+ years were: -18.92% (641.25 to 519.95) -14.85% (424.88 to 361.77) -12.73% (402.77 to 351.51) -12.57% (353.61 to 309.17) -10.59% (363.34 to 324.87) -11.44% (264.85 to 234.55) We're currently in...

Good point about the volume. 100 Million per week seems to be the norm. Above that could be cause for concern. Seems like an orderly pullback to a Higher Low so far to me. We'll see what happens with the upcoming iPad Mini and Earnings Announcements. Will know more by the end of the...

Added to my AAPL long position at 630.66 & 625.59. Trying to catch a "falling knife", or is 623.55 as low as she'll go? Will be finding out soon enough.... :cool:

That one line taken out of context sounds simplistic, of course. I was just trying to make a point about the psychological difficulties involved in buying pullbacks. We all know there are many more reasons for stocks to fall than just "bad news or rumors". Though in this case I think the...