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Quote from rockefehler:

The SPX looks like a top in the making, AAPL could be the start of the C wave, not quite sure.

Where's Mr777 to enjoy his moment of glory? :p
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Not sure about C waves, etc., but 1350 looks like a pretty strong Support Level to me.
IF we Bulls are correct, a bounce off 1350 and a rally to 1450-1500 makes sense on the chart.
[What's the PE for the $SPX at 1500? I think some analysts thought it would be reasonable.]
WHEN exactly is another question. It could go sideways for quite a while first.
:)
 

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I think it will bounce off the 1350 level for now, the formation doesn't look finished yet. And I'm not sure yet whether it's a top or continuation pattern.
 
Quote from trader198:

obviously aapl will print 500 next two weeks, it peaked.
only idiots will buy when it retrac or actually in a down trend.

if you connected the low and high, easily it is a reversal pattern.

I bought some 550/530 put for next two weeks. nasdaq will easily drop another 100points next week (normally it will be below 100points of 50EMA, it bounces or reverses).

May historically is pattern. 2010/5/6 10%drop, dow dropped 1000points.. 2011 5/7 crude dropped 10%, then middle may the index. this year it seems the same, crude dropped almost 9bucks (two days), nasdaq dropped 120+ (two days)...

May historically looks like a reversal. a strong start, then from May, it reverses,.... the same pattern



aapl goes up quick, it will become the star when all the markets start to drop, she will lead the drop
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....i am leaning in this direction also, based on seasonality, market action, and AAPL price and volume...
....i think the upcoming face book ipo has a lot of big money and retail on edge....
 
So I guess the world hasn't come to an end because the French and Greeks voted in some Socialists.
Starting to see some Green on my Screen.
Could 561.23 be the bottom of AAPL's Bull Flag?
Are we off to the races again?
:)
 

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This looks OK too. See higher lows since the pullback to 1357.38. Making a higher high above 1415.32 for a new uptrend might prove a bit more difficult.
 

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Quote from cactiman:

So I guess the world hasn't come to an end because the French and Greeks voted in some Socialists.
Starting to see some Green on my Screen.
Could 561.23 be the bottom of AAPL's Bull Flag?
Are we off to the races again?
:)
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A Sea of Red on my Screen today!
But, 555.00 still holding as the Higher Low in the AAPL Uptrend, and as the bottom of its current channel.
Will add to my AAPL Long Positions soon, if it continues to hold.
:cool:
 

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Quote from rockefehler:

I think it will bounce off the 1350 level for now, the formation doesn't look finished yet. And I'm not sure yet whether it's a top or continuation pattern.
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Nice "Hammer" Candle at 1350- today - as you predicted.
Passed the first Support Test. We'll see what happens tomorrow.
:cool:
 

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