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Post by lovemyipad on Nov 25, 2012 16:40:36 GMT -8
I like the sound of double top breakout! But I have NO IDEA what P&F charts are "good" for aside from the resistance/support levels iPad points out. Maybe a 60-second summary, iPad? You got it: support and resistance, that's it!
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Mav
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Post by Mav on Nov 25, 2012 17:16:02 GMT -8
But double top breakout with bullish price objective 702? How does P&F calculate that?
The readout's almost like the chart interprets a poker hand or something, y'know?
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Post by lovemyipad on Nov 30, 2012 16:04:10 GMT -8
AAPL HUGS & KISSES:
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Post by mbeauch on Nov 30, 2012 19:02:52 GMT -8
AAPL HUGS & KISSES: OK, what the heck is a high pole? Does not sound encouraging.
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Post by mbeauch on Nov 30, 2012 19:39:29 GMT -8
Lovey, I like this one better.
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Post by lovemyipad on Nov 30, 2012 23:08:48 GMT -8
Mark, I like that one too!! How did you make yours?? What settings do I put?
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Post by mbeauch on Dec 1, 2012 6:43:02 GMT -8
Mark, I like that one too!! How did you make yours?? What settings do I put? No adjustments, default settings with the daily P&F on Stockcharts.
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Post by mbeauch on Dec 4, 2012 14:02:51 GMT -8
Lovey, What the heck does the C mean?
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Post by mbeauch on Dec 7, 2012 9:39:12 GMT -8
Ugliest thing I have ever seen. Lovey Make it stop.
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Post by lovemyipad on Dec 9, 2012 11:58:14 GMT -8
Mark, holy crap...you aren't kidding... That is the fugliest yet...
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Post by lovemyipad on Dec 9, 2012 11:58:52 GMT -8
Lovey, What the heck does the C mean? Means "December."
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Mav
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Post by Mav on Dec 9, 2012 13:41:41 GMT -8
Mark, what did it say in May? Can you find out?
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Post by wheeles on Dec 9, 2012 16:05:17 GMT -8
Mark, holy crap...you aren't kidding... That is the fugliest yet... Indeed it is. It just confirms my revised view on AAPL going even lower. I had thought the monthly middle Bollinger would be the low, but going through my notes of years of observations, there is a strong possibility that it will be close to the monthly lower STARC band, which is currently 470, but could be as low as that prediction. I don't know if any of you remember the BAM Investor furore from a couple of years back when this guy came out and claimed that his model had predicted an imminent collapse in AAPL. Well instead we got QE2, QE3 and Q3.5 etc. and AAPL continued to climb. Well a strong decline in AAPL to the large head and shoulder price target would land us at one of this guy's predictions. From his website back in March: That first target is 100 bucks lower than here. I'm not saying that he's going to be proven correct, but I thought it interesting, if a little disturbing.
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Mav
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Post by Mav on Dec 9, 2012 16:06:29 GMT -8
Context, though.
What did the P&F chart say on May 18, 2012? Were any of us really paying attention to that? I wasn't.
(For the record, my instinct is telling me LOWER until AAPL proves otherwise, either by violent bounce or some truly inspiring Notre Dame-esque goal line stands at 530. (/college football))
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Post by mbeauch on Dec 9, 2012 19:52:08 GMT -8
Mav, personally, I see no scenario where Apple does not go lower this week.
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Mav
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Post by Mav on Dec 9, 2012 21:12:03 GMT -8
We're not too far apart in our thinking MB.
The trend is powerfully DOWN and we gotta respect that.
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Post by lovemyipad on Dec 10, 2012 19:51:43 GMT -8
AAPL HUGS & KISSES: (support levels in green, resistance in red, yellow hasn't decided)
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Mav
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Post by Mav on Dec 10, 2012 20:01:46 GMT -8
Red Sea™
But again, without a snap of the mid-May 2012 P&F chart - when things not only looked bleak, but the dreaded 61.8% (of 363-644, call it 470) loomed large in the minds of more than a few traders - we really don't have any basis for contextual comparison.
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Post by lovemyipad on Dec 10, 2012 20:24:10 GMT -8
Mav, this is my earliest Hugs & Kisses Chart...but it's from 6/15/12: Looks a lot "cleaner" than now...and how about that bullish price objective? ;D Though as I recall, we chopped around that 570-585 area forever it seemed!
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Mav
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Post by Mav on Dec 10, 2012 20:33:26 GMT -8
That's kinda what I mean...we were stabilizing then!
I'm not trying to hate on anyone, it's not like I can pull the chart either. It's just that without a comparison to the last huge drop, we just can't compare whatever the P&F chart output may have said back then.
And since I'm a broken record, I'm in agreement with most here that the trend is still down.
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Post by lovemyipad on Dec 10, 2012 20:38:20 GMT -8
Don't look at the bullish/bearish objective... Look at the levels. That's the only reason I make these charts...to see the levels at a glance.
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Mav
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Post by Mav on Dec 10, 2012 20:50:20 GMT -8
I know, I "ignore" the P&F price outputs. I just noticed that some here don't and reply for context was for that.
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Post by mbeauch on Dec 10, 2012 21:32:42 GMT -8
I know, I "ignore" the P&F price outputs. I just noticed that some here don't and reply for context was for that. OK Mav, here you go, made me work dang it. Sad part is that things were not as dire back then.
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Post by mbeauch on Dec 10, 2012 21:35:58 GMT -8
Don't look at the bullish/bearish objective... Look at the levels. That's the only reason I make these charts...to see the levels at a glance. Exactly, once you really see the OX chart, it is like a light turns on. It is a tool, that is all. A quick and clean S&R chart.
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Mav
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Post by Mav on Dec 10, 2012 21:37:37 GMT -8
True. But it DID say bearish then. Thanks for looking it up.
I'm not denying the warning lights are flashing everywhere.
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Post by mbeauch on Jan 2, 2013 18:48:19 GMT -8
Yipee, one I like
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Post by lovemyipad on Jan 2, 2013 19:27:51 GMT -8
Nice!! Thanks, Mark!!
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Post by lovemyipad on Aug 14, 2013 5:22:14 GMT -8
Red is resistance. Green is support. Yellow could go either way. AAPL HUGS & KISSES CHART:
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