Don't B Stupid when it come to AAPL

Quote from Gary Fox:

You can see that AAPL triggered a buy signal on 3/11/08 when it broke the first internal channel trendline. Its accumulation base created a breakout price objective of approximately $165.

Given that it reached a high of $159.69 on 4/7/08 after four consecutive higher low swings within its upward channel, and that the current reaction (pullback) is greater than the previous five reactions in both time and distance, then I’d say the odds of a pullback to at least the lower channel trendline in the $135ish area is reasonable.
More...

oh tea leaves ... at what angles should i draw my arbitrary trendlines this evening?

:)
 
Dont be stupid folks. We could wake up tommorrow and find this thing down 20 or more points. Sure its a diversified tech company, but wasnt it also diversified at much lower levels as well a few years ago.

We are in a recession and people are out of work. Circuit City is going to file bankruptcy. They are not going to run out and buy more Apple equipment.
 
Quote from Gary Fox:

You can see that AAPL triggered a buy signal on 3/11/08 when it broke the first internal channel trendline. Its accumulation base created a breakout price objective of approximately $165.

Given that it reached a high of $159.69 on 4/7/08 after four consecutive higher low swings within its upward channel, and that the current reaction (pullback) is greater than the previous five reactions in both time and distance, then I�d say the odds of a pullback to at least the lower channel trendline in the $135ish area is reasonable.
More...

I tend to agree with Gary here only since it will probably take a couple of days to get down to the lower end of the channel it will probably only get down to 140 instead of 135.
 
Quote from protodigm:

Did anyone actually short this?
More...


If they did they won't admit it....c'mon....don't you know everyone on ET except me is 100% accurate on their trades and makes 10K a week! lol :D
 
Quote from protodigm:

Did anyone actually short this?
More...

it worked out for me.. bought a put on the GE friday day. (150 apr) Went from 2.20 -> 6.xx. Sold at 5.30 on Monday morning. That was the extent of it for me.


(now I've had plenty of bad trades too... just look at SIGM.. long through the beating)
 
You must log in or register to reply here.
Back
Top