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Quote from RedTankEra:

Not a fan of most horizontal levels, mostly diagonals.

In any case I'm long AAPL from the 586.x area. However, I'm a short term trader.
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What makes you want to be long AAPL right now? Just asking because I look at the chart right now & don't have a clue, but I sort of suck at trading. :)

The only thing I see that means anything to me is the big reversal/engulfing bar that formed on Tuesday morning. The low of that bar should hold for the time being.

So tomorrow I'll guess that we take out today's low, then reverse, and close at 600.

(I also like long anything tomorrow because the SPY is still forming a bear flag & doesn't look like it's done going up yet, nice little channel).
 
Quote from RedTankEra:

Bearish seasonality is around the corner typically begins around april/may sometimes comes a little late; now with that said.

During the last earnings, AAPL broke out of the uptrend channel and flew by nearly nonstop towards the sky.

It now seems to be losing momentum and the top of the uptrend channel it broke (red line) may want itself tested from above to tell the market that the upside is healthy and that the exuberant up-move was orderly and not chaotic aka parabolic.

Gyrations and retraces exist in all instruments, including the ultra bullish Apple Computer.

Imo, it will fight to try to plot a higher low here though.
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Once again, I really like your TA techniques with the different time frames and angled trend lines.:cool:
 
Quote from S2007S:

So anyone buying this dip, I mean isnt it suppose to go to $1000 a share according to a few analysts.

This is like the ultimate buying dip right now ahead of earnings, Im sure after earnings it will be around $725!
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So now we've gotten to the point where a single company, who's products are manufactured in Asian sweatshops, is an index in itself?

Steve Jobs ( may he RIP) is probably jerkin' off in his grave right now. Unless he is frozen in some cryogenic tomb somewhere.

Give me a freakin' break... :(

Facebook IPO is gonna make AAPL look like a penny stock. And make Schmuckerman the world's first Trillionaire.

Buy FCBK!!! ( My guess at what the Nas symbol will be...LOL) :D
 
Quote from cactiman:

So going down to 550 doesn't count as the bottom (C)?
If not, does the Elliott Wave Principle say it will it go above 644 before going down to (C)?
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EW doesn't say B will go above 644, but looking at the shape of wave A I say it probably will. So it would be a great selling point for the LT longs, and they can reload at the bottom of C. Of course your MMV :p
 
Quote from rockefehler:

EW doesn't say B will go above 644, but looking at the shape of wave A I say it probably will. So it would be a great selling point for the LT longs, and they can reload at the bottom of C. Of course your MMV :p
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What's MMV??
AAPL still forming a channel. Last year the channels lasted 5 months each! We'll see if 575 holds as support.
:cool:
 

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Quote from stock777:

was all over the short at 640 was so vocal about it on stocktwits they banned me.

that gey crowd loves apple.
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gettin geyer by the second

to think that flamer running stocktwits kicked me out for trying to warn them AAPL was heading for the toilet. their loss.


just got at least a triple on my 575 puts , in 7 minutes. annualize that
 
Quote from cactiman:

What's MMV??
AAPL still forming a channel. Last year the channels lasted 5 months each! We'll see if 575 holds as support.
:cool:
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Mileage may vary.

Getting close now .. 574.5
 
has anyone noticed that Im never wrong?

bet not. that would imply cognitive ability not normally seen here

61w4FqIniWL._SL500_AA300_.jpg


see my GRPN call, and my P call for a reference. This AAPL call was so easy Im embarrassed to take credit (but I will take the money)
 
Quote from rockefehler:

Mileage may vary.

Getting close now .. 574.5
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Been bumping down on 575 since 11:08 Pacific Time.
I think it just broke through at 11:46.
Next stop 569.20?
We'll see where it closes at 13:00.
:eek:
 

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