Only Apple

Quote from cactiman:

Not sure about A,B,C Waves, but how about the way I learned?

2 Steps Forward.......1 Step Back!!

426.70 forward to 644.00 =+217.30

(217.30 X .5 =108.65)

644.00 back 108.65 = 535.35!!

:D
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Only it reached 522, not 535.

Maybe a long bottoming process for the SPX (>2 months), during which Apple can fall to its price target?
 
Quote from rockefehler:

Only it reached 522, not 535.

Maybe a long bottoming process for the SPX (>2 months), during which Apple can fall to its price target?
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Yes, it's off by 2.05%, but this isn't an exact science. AAPL pulled back to a Support Zone, and the Green Line is clearly near the bottom of it.
Anyway, what is Apple's price target? I'm assuming you think it's lower than 522.
:)
 
Quote from rockefehler:

13/217 = 2%??

470. If it makes a higher bottom and top, my prediction is canceled.
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Sorry, I was talking about the 2.05% difference between 522.18 and 535.35.
Anyway, I hope your system is wrong about 470. We'll see.
It was a rough month for the Bulls.
Hopefully we won't have the Black Monday some are predicting....
:(
 
Quote from rockefehler:

If people start predicting Black Monday, the bottom is near :D
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Indeed. And when they started talking about AAPL going to 1000, it fell from 644 to 522!
:p
 
Quote from rockefehler:

LOL, yeah ... including me.

Today's action makes me think it has bottomed. Looking at the weekly chart also.
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Yes, AAPL went way down and then the Bulls came in to support it - a classic "hammer" candle + higher volume than we've seen lately.
Some good news from Europe this week would certainly help our cause as well.
:)
 

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