AAPL: Buying the Dips!

Quote from cactiman:

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....
:)
More...

580 please, the lower the better so i can buy it cheapie :)
 
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, and don't see very high volume levels so far (like back in April), so I believe the odds favor #1 or #2.

But we'll find out soon enough what "Mr. Market" thinks about all this...
:)
 

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you guys are all now comfortable with the short term downtrend...... soon to change.. everyone has been calling a peak in aapl for a while..
 
Nobody tells that AAPL is going to crash. It could be a short term correction, it could be a beginning of long-term side-way action. Yet, you have to remember that every deep pull back starts from a small correction.

I know that all APPL bullish traders are waiting for earnings reports release. The sad thing is that over past two weeks the market does not react positively on positive news. Take a look how the market (S&P 500) reacted on unemployment and initial claims report - positive opening and on the same trading session slide back down. It looks like we are in a period when the market ignores positive news but reacts on negative stuff.
 
Quote from viktor_k67:

Nobody tells that AAPL is going to crash. It could be a short term correction, it could be a beginning of long-term side-way action. Yet, you have to remember that every deep pull back starts from a small correction.

I know that all APPL bullish traders are waiting for earnings reports release. The sad thing is that over past two weeks the market does not react positively on positive news. Take a look how the market (S&P 500) reacted on unemployment and initial claims report - positive opening and on the same trading session slide back down. It looks like we are in a period when the market ignores positive news but reacts on negative stuff.
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I totally hear ya... there's a high water mark we are floating around that would take more the just fed money and hope to get past..... ask yourself.. why would I go super long right now
 
thats just the same thing hand drawn, the market moves back and forth to the narrow spot(cleave), the wide spot (nip) and the flat spot (ledge),it dropped to 641 cleave,didnt really bounce there, then dropped to 623 nip, then bounced to 641-50 cleave again, then dropped to 623 nip again, if nip doesnt hold it goes to the flat spot 612 ledge, then maybe bounce back to 623 nip then drop to 607-599 widest nip,market rallies til it finds sellers, drops til it finds buyers,those spots are where there was value and a lot of trades previously, the cleave works like a gap fill,so it could theoretically do that, makes me look like a genius, but it happens all the time if you watch these mp charts,so its just repetition,simple way of watching the market
 
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