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Post by mace on Jun 2, 2014 20:32:40 GMT -8
wave 3.iii.(3) = $580.33 to ... So the current incredibly perfect EW impulse is 3.iii.(3) or 3.iii.(3).(i)? Upon completion of the impulse, If former, retracement would not be lower than $605 If latter, retracement could be as low as $585 Updates: $644.17 completed the impulse. Retracement: 14.6% = $634.85 (passed) 23.6% = $629.10 (passed) 38.2% = $619.78 (lowest so far is $622.50) 50.0% = $612.25 61.8% = $604.72 76.4% = $595.40 $628.90 low passed the minimum retracement for both 3.iii.(4) and 3.iii.(3).(ii).[/quote]
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Post by mace on Jun 3, 2014 6:01:32 GMT -8
wave 3.iii.(3) = $580.33 to ... So the current incredibly perfect EW impulse is 3.iii.(3) or 3.iii.(3).(i)? Upon completion of the impulse, If former, retracement would not be lower than $605 If latter, retracement could be as low as $585 Updates: $644.17 completed the impulse. Retracement: 14.6% = $634.85 (passed) 23.6% = $629.10 (passed) 38.2% = $619.78 (lowest so far is $622.50) 50.0% = $612.25 61.8% = $604.72 76.4% = $595.40 $628.90 low passed the minimum retracement for both 3.iii.(4) and 3.iii.(3).(ii). [/quote] Is the open up 3.iii.(5) or 3.iii.(4).(b) or 3.iii.(3).(iii)?
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Post by phoebear611 on Jun 3, 2014 6:05:09 GMT -8
Where are we at this point?
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Post by appledoc on Jun 3, 2014 6:48:36 GMT -8
Where are we at this point? Hard to tell. I didn't see an ABC down from 644. Looked like we had completed A and B, and C was still in action as part of a 5-3-5 pattern. Now I'm not so sure.
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Post by appledoc on Jun 3, 2014 11:48:39 GMT -8
I would not consider buying again unless we get above 644.
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Mav
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Posts: 10,784
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Post by Mav on Jun 3, 2014 11:51:07 GMT -8
Just for reference, TW shows a good breakout from a micro descending channel. It's currently micro bull flag vs. 624ish-644ish bearish pattern.
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Post by phoebear611 on Jun 3, 2014 12:00:18 GMT -8
Looking at other sites that are technical in nature and $644 is key to get through. I believe that there is also currently a wall of weekly calls at $640 for this Friday....which would be typical of the MMs to gun it and then close it below the strike. Thanks for the response - really appreciate the views.
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Post by appledoc on Jun 3, 2014 12:31:52 GMT -8
There's a good possibility that 622 to now is all B from 644. Like mace said, there may only be limited upside above 644 before a bigger retrace. For me, the risk isn't worth it right now.
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Post by mace on Jun 3, 2014 13:03:25 GMT -8
There's a good possibility that 622 to now is all B from 644. Like mace said, there may only be limited upside above 644 before a bigger retrace. For me, the risk isn't worth it right now. Ok for day and swing traders. No point for position traders.
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Mav
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Post by Mav on Jun 3, 2014 13:52:00 GMT -8
For sure. Buy and holders had plenty of chances to get in before 600.
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Post by mace on Jun 4, 2014 12:04:47 GMT -8
There's a good possibility that 622 to now is all B from 644. If $647.89 is completion of B, expect decline to $619 begins tomorrow. Follow by a push to $662 before retracing to price zone $601-$580.
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Post by mace on Jun 4, 2014 17:48:45 GMT -8
postimg.org/image/e0lhurai9/Above is the count proposed by appledoc. Please refer to wave i-ii from mid Feb to mid Apr. Now refer to this wave I-II in this chart, postimg.org/image/ltc1tybsl/full/ of AAPL drew by lovemyipad. Expect wave iii-iv to look like wave III-IV i.e. expanded flat. WAG: 662-619-677-600 (95-88-97-86).
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dawg
New Poster
Posts: 6
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Post by dawg on Jun 4, 2014 23:56:03 GMT -8
Hi Mace, just to be clear, your last two posts have similar targets but different pattern of getting there. First suggested if 647.89 is top of B then possible decline first to 619 then up to 662.
next post then: WAG of possible move first to 662 (I assume to complete B of ((iv)) of iii - my words), then 619 (I assume to complete C of ((iv)) of iii), then 677 (iii complete), then down to potentially 600 (iv complete).
is that correct or am I interpreting the messages incorrectly?
I personally prefer the WAG scenario as it fits my previous post of about 676 to complete iii before bigger move down to 600.
Thanks in advance.
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Post by mace on Jun 5, 2014 5:01:01 GMT -8
dawg,
They are consistent.
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Post by mace on Jun 5, 2014 5:16:46 GMT -8
Best guess update and WAG.
wave 1 = $373.52 to $568.54 wave 2 = $568.54 to $487.89 wave 3.i = $487.89 to $548.13 wave 3.ii = $548.13 to $508.49 wave 3.iii = $508.49 to ...
wave 3.iii.(1) = $508.49 to $601.05, length = $92.56 wave 3.iii.(2) = $601.05 to $580.33 (22.4% retracement, so low, barely qualified as a wave two) wave 3.iii.(3) = $580.33 to $644.17 wave 3.iii.(4).A = $644.17 to $622.50 ) wave 3.iii.(4).B = $622.50 to $651.26 ) Expanded flat - Edit: Should not be higher than $652 wave 3.iii.(4).C = $651.26 to ... )
WAG: wave 3.iii.(4).C = $651.26 to $619 wave 3.iii.(5) = $619 to $662 wave 3.iv.A = $662 to $619 wave 3.iv.B = $619 to $677 wave 3.iv.C = $677 to $600
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Post by nagrani on Jun 5, 2014 6:08:48 GMT -8
So we are going down big now??
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dawg
New Poster
Posts: 6
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Post by dawg on Jun 5, 2014 13:44:45 GMT -8
I see now. Double tap of the 619 level. Thanks for the clarification. Really appreciate your willingness to share your expertise.
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Post by appledoc on Jun 6, 2014 14:27:36 GMT -8
Have a new count. Leading diagonal from 385 to 551. Retrace to 493. Now in wave (3) to at least 800.
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Post by mace on Jun 6, 2014 14:37:07 GMT -8
Have a new count. Leading diagonal from 385 to 551. Retrace to 493. Now in wave (3) to at least 800. Sound like what I've been counting. $551? Are you referring to $568.54 (dividends adjusted).
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Post by mace on Jun 6, 2014 14:38:00 GMT -8
Updated and adjusted for dividends. wave 1 = $373.52 to $568.54, length = $195.02 wave 2 = $568.54 to $487.89 wave 3.i = $487.89 to $548.13, length = $60.24 wave 3.ii = $548.13 to $508.49 wave 3.iii = $508.49 to ... wave 3.iii.(1) = $508.49 to $601.05, length = $92.56 wave 3.iii.(2) = $601.05 to $580.33 (22.4% retracement, so low, barely qualified as a wave two) wave 3.iii.(3) = $580.33 to ... Assuming wave 3.iii.(2) is completed, possible targets of 3.iii.(3) would be: (3)'s length = 0.618 of (1)'s length, $637.53 (3)'s length = (1)'s length, $672.89 (3)'s length = 1.618 of (1)'s length, $730.09 Basic target for impulse (original of wave one + 2.618 of length of wave one): 12345 = $884 i-ii-iii-iv-v = $646, for 3.618 = $706 (1)(2)(3)(4)(5) = $751, for 1.618 = $658 The targets vary from 1.618 to 7 times length of wave one. The most common is 2.618, so use it as a norm. wave 1 is a leading diagonal.
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Post by appledoc on Jun 6, 2014 14:42:52 GMT -8
Have a new count. Leading diagonal from 385 to 551. Retrace to 493. Now in wave (3) to at least 800. Sound like what I've been counting. $551? Are you referring to $568.54 (dividends adjusted). Yeah. My mistake.
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Post by nagrani on Jun 6, 2014 14:44:52 GMT -8
So no more retrace - rocket trip to at least 800?!?!
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Post by appledoc on Jun 6, 2014 15:06:21 GMT -8
So no more retrace - rocket trip to at least 800?!?! Not quite. There will be a "big" retrace in there somewhere. I'll post the chart tomorrow morning.
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dawg
New Poster
Posts: 6
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Post by dawg on Jun 6, 2014 17:14:04 GMT -8
There is always a retrace. Question is the size of the retrace.
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Post by montegn on Jun 6, 2014 17:47:48 GMT -8
Thank you all for today's posts. I barely qualify as even a beginner with charts. Today's thread makes sense even to me.
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Post by appledoc on Jun 9, 2014 2:35:44 GMT -8
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Post by mace on Jun 9, 2014 13:22:57 GMT -8
We are on the same page now . The slope of wave three would be sharper than the slope of wave one except for extended first wave. As such, the impulse from $508.49 ($72.64) till now is either completing 3.iii.(3) i.e. 3.iii.(1) is extended or 3.iii.(3).(i) i.e. wave 3.iii.(3).(i) is extended. Picture is not clear till the retracement begins. Now that AAPL is above $652 ($93.14), another possibility is that 3.iii.(5) is completing. Ofc, it is clear that both wave 3 and wave 3.iii is an extended third wave.
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Post by appledoc on Jun 10, 2014 2:53:29 GMT -8
No charts from me until Motivewave starts drawing from updated prices.
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Post by mace on Jun 10, 2014 6:35:23 GMT -8
No charts from me until Motivewave starts drawing from updated prices. When you post the new chart, please include the channel from $83.63. So far, AAPL is trapped within this up trend channel.
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Post by appledoc on Jun 11, 2014 4:41:29 GMT -8
Have to redo the chart. Got all out of whack when the data refreshed. Will try to do it soon.
I'm starting to think we're retracing 88.93 to 95.05. So look for 91.22 to 92.66. Looks like many, many stacked wave threes here.
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