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The media will make a meal of it, but nobody wants the economy to collapse. It's time for a compromise, and both Obama and Boehner should be able to find a way to save face - being the master politicians they are...

Calling short term moves/bounces isn't my thing, but I hope you guys make some $. My concern is the Long Term Uptrend, and where AAPL will be from January to April of next year. The jury is still out on those issues. Here's an interesting new article about the AAPL Bull/Bear debate...

The first thing AAPL had to do was stop falling, and I think it's making an attempt to do that now. The current 5 day sideways channel is no accident. All traders know an Uptrend is made up of Higher Highs and Higher Lows, and they see that last Higher Low (517.58 on the attached chart), and...

AAPL trying to form a new Higher Low (Blue Line), and not break the 44 month Uptrend by falling below the last Higher Low (Red Line). :cool:

AAPL trying to form a new Higher Low (Blue Line), and not break the 44 month Uptrend by falling below the last Higher Low (Red Line). :cool:

Countdown to the Fiscal Cliff!! :p http://www.marketwatch.com/fiscalcliff :eek:

The last Higher Low in AAPL's Uptrend was hit on May 18th. Until that Higher Low is taken out, the 44 month Uptrend is still in place. I think the politicians will reach a compromise on the Fiscal Cliff, and then the Market and AAPL will rally. If I'm right I'll make some money. If I'm...

+1 :cool:

Everything I'm reading says it's all about resolving the "Fiscal Cliff", and all the politicians want to do so fairly soon. When that uncertainty is gone, we'll see if the big funds start buying again. If they do, I'm sure an underpriced AAPL will be at the top of their lists. :)

Every single pullback/consolidation in AAPL since March 2009 has been a buying/averaging-down opportunity. But will that reliable, 44 month, money making pattern finally be coming to an end? Are things really so "different this time" compared to all the other retracements? Is that difference...

Uhhhh.... Pretty confusing around here sometimes. Still think probe1957 meant he was Long AAPL Stock, but I could be wrong. As to bounces.... May the AAPL snap-back/short-covering/longs re-entering rally begin! And may it last for 4 months!! :D

If the Long Term Uptrend is broken (and I still don't think it will be), I won't get out all at once at a New Low. Assuming AAPL won't trade straight down, I'll wait to gradually get out during snap-back/short-covering rallies to Lower Highs - hopefully in the 600's. But it certainly would...

Couldn't be sure. Going Long AAPL stock is certainly a minority position around here these days. Well done. Good price. Assuming today was the beginning of the reversal, and AAPL's low this week of 533.72 is never taken out - which is certainly what I'm rooting for... :)

Yes, Mr. Market gave us a break today. Thank goodness. I couldn't take much more! Low for the week is 533.72. Hopefully that won't be taken out - ever! If it is, 520 has to hold. Will be back for more of this emotional roller-coaster on Monday... :)

In how? Long, Short, Options, Common Stock? :confused:

I see what you're saying, and respect your opinion of course. But I hope you're wrong!! 800 or Bust!! :D

That would be nice. The folks at AAPL are a pretty clever bunch, and will adjust as they go along. I'm very confident they'll make it happen. :)

WASHINGTON (MarketWatch) -- President Barack Obama wants to start talks with Republicans next week seeking a compromise to avoid the "fiscal cliff", according to a report from AP. Obama will invite congressional leaders to the White House for the talks, according to the report. Obama is...

WASHINGTON (MarketWatch) -- President Barack Obama wants to start talks with Republicans next week seeking a compromise to avoid the "fiscal cliff", according to a report from AP. Obama will invite congressional leaders to the White House for the talks, according to the report. Obama is...

If AAPL touches 500 and closes below the last Higher Low (517.58 on this chart - it used to be 519.95! - other charts show it as 522.18!!) the Long Term Uptrend (since March 2009) will be over. Until that happens the Uptrend is still in place. We'll see what Mr. Market decides. :)