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Post by fas550 on Dec 6, 2012 5:55:34 GMT -8
So if I'm reading the fib charts right, today we need to stay above 524 (can't believe I'm even saying that number). If we break that then its to 505? I thought we were going to hold at around 548 yesterday but that got clobbered in the afternoon sell off. Good news is yesterday we had great volume (at any other time this would be a clear capitulation), about 12mil above the average. Going against us is tomorrow with OE and employment numbers. I fear we could have another -25 day. Sorry to sound so gloomy but I believe in being pragmatic. I think we are way beyond and small news stories, theories for the drop etc affecting us one way or another and this is all about traders at this time. I'm pretty fed up: Had a six digit paper loss yesterday. Not the biggest ever but very close.
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Post by Rupert on Dec 6, 2012 5:57:30 GMT -8
Resistance/Support Thursday 12/06/2012
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Post by qualitywte on Dec 6, 2012 6:01:17 GMT -8
Thanks for the early switch. When Munster says "We believe this 20% decline is to be expected coming off of a launch quarter", is he implying an iPhone 5S by March? No, he is saying after the December quarter, in which Apple would have ordered a buttload of iPhone parts, one would expect parts orders to decline. Apple knows how to manage the supply chain. I don't think outsiders and analysts can understand it enough to draw conclusions like they think they can.
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Post by madmaxroi on Dec 6, 2012 6:08:24 GMT -8
Are we going to see the gap filled this morning down to 528-530 and then a reversal? I would like that. Let's see... If up, then yes. If down, then no.
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Post by lovemyipad on Dec 6, 2012 6:08:29 GMT -8
Rupert, thank you so much for your daily postings of he support and resistance levels for AAPL and SPY! So very helpful! I watch the middle column (Fibs) these days, but I like to glance at the regular pivots and the Camarilla breakout points just to know where they are too.
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Post by lovemyipad on Dec 6, 2012 6:09:04 GMT -8
I would like that. Let's see... If up, then yes.m if down, then no.
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Post by madmaxroi on Dec 6, 2012 6:11:01 GMT -8
S3 is sub-500. Vundebar.
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Post by madmaxroi on Dec 6, 2012 6:11:58 GMT -8
I'm banning myself from my accounts again today. I put my orders in last night, and I will just watch charts -- not portfolio fluctuations. iPad, what are you nibbling on?
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Post by lovemyipad on Dec 6, 2012 6:12:29 GMT -8
Max, see the middle column. (not to be confused with the middle finger)
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Post by lovemyipad on Dec 6, 2012 6:13:00 GMT -8
I'm banning myself from my accounts again today. I put my orders in last night, and I will just watch charts -- not portfolio fluctuations. iPad, what are you nibbling on? JAN'14 800/850s.
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Post by phoebear611 on Dec 6, 2012 6:13:44 GMT -8
iPad - since you aren't going into your accounts today and since I nominated you as holding some (at least MY hand thru this) - Fitzstock - it looks like it taking a contrarian view of the Death Cross being a CATALYST :http://stocktwits.com/message/10855718
can you comment on this at all?
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Post by qualitywte on Dec 6, 2012 6:15:02 GMT -8
I just read it. APPLE HDTV IS COMING FOLKS! What’s next for Apple? Did Cook leave us with a clue?
“When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years,” Cook told Williams. “It’s an area of intense interest. I can’t say more than that.”Amen to that! Take us back to the simplicity of 3 steps; 1) Turn it on 2) Select your channel 3) adjust the volume. I don't want to have to call IT to help me watch TV!!!!
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Post by madmaxroi on Dec 6, 2012 6:16:49 GMT -8
Max, see the middle column. (not to be confused with the middle finger) Middle finger? Wha? Guess I am in the penalty box. It's more roomier than it was on Sept 21 with much less Cashola. Good there is Social Insecurity.
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Post by qualitywte on Dec 6, 2012 6:18:24 GMT -8
Nuts, don't be a stranger. I miss the morning commentary and coffee that used to start my day. Caution is ALWAYS warranted in any endeavor. This board needs all types of voices, especially those with a perspective like yours. +1 Always SO wonderful to see you and read your perspective, Nuts!!! And there's lots of us you don't even know who used to start our day with your commentary. Welcome back!
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Post by rutgersguy92 on Dec 6, 2012 6:18:58 GMT -8
Good morning, just dropped by yesterday to say hello to my old friends. Have absolutely no intention to be defending myself because I used the word caution. On investing will always say CAUTION. If the stock was trending higher would do the same. A dear friend that contacted me a couple of weeks ago heard the same from me before seeing the stock recovering a bit until the drama yesterday. Said to him it feels odd, sidelined for the time being. Some investors like the one that writes to you listens to his guts. With this kind of volatility, why would somebody put at risk their hard earned money or lifetime savings on short term trading? Long term investors in AAPL have nothing to fear as the stock is sound and the company rock solid. On a downtrend sizable movements up or down are expected and represent good opportunity to seasoned investors. AAPL was always volatile, hence the preference as a trading instrument. Nevertheless, the experienced investor knows when to stop and wait for a better entry. Just reminding, investment is not casino playing. We have been together for many years and now we have a new home to connect, exchange investment ideas, make long lasting friendships, even if on the virtual world. Its Christmas Season and I just wanted to stop by and say hello to all in this spirit. Love to all! Good to hear from you, Nuts. Hope you are doing well!
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Post by madmaxroi on Dec 6, 2012 6:20:04 GMT -8
iPad, what are you nibbling on? JAN'14 800/850s. Interesting. In times like these it is hard to imagine $600 let alone $800, but nice return along the way if we have a nice move northward back to where we came from.
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Post by lovemyipad on Dec 6, 2012 6:20:50 GMT -8
Max, see the middle column. (not to be confused with the middle finger) Middle finger? Wha? Guess I am in the penalty box. It's more roomier than it was on Sept 21 with much less Cashola. Good there is Social Insecurity. Middle column for the pivot points, silly! JAN'14 800/850s are my current favs. No plans to hold to OE.
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Post by wheeles on Dec 6, 2012 6:29:15 GMT -8
So nice of all these analysts to come out in defence of AAPL.
Oh wait...
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Post by terps530 on Dec 6, 2012 6:30:11 GMT -8
its crazy that a 570/580 dec spread that was in the money monday by a bit, can now be bought for a 10x gain if it got back there :/
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Post by artman1033 on Dec 6, 2012 6:30:26 GMT -8
Wow. Over 778,000 pre market volume.
HOLD ON!
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Post by lovemyipad on Dec 6, 2012 6:31:26 GMT -8
iPad - since you aren't going into your accounts today and since I nominated you as holding some (at least MY hand thru this) - Fitzstock - it looks like it taking a contrarian view of the Death Cross being a CATALYST :http://stocktwits.com/message/10855718 can you comment on this at all? I admire his objectivity (trade price, not opinions). And I'm glad he did the historical comparison because I read somewhere that of the two previous death crosses, one was followed by upside, the other downside. I have yet to go look for myself. But if true, historical data says 50/50. I just take it level by level and watch momentum indicators to see if the trend is slowing or accelerating. Hope to see some clear (bullish) divergences today.
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Post by lovemyipad on Dec 6, 2012 6:34:39 GMT -8
So nice of all these analysts to come out in defence of AAPL. Oh wait... LOL!!
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Post by terps530 on Dec 6, 2012 6:34:47 GMT -8
paralyzed
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Post by jdrizzo89 on Dec 6, 2012 6:36:09 GMT -8
Speechless .....
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Post by lovemyipad on Dec 6, 2012 6:36:46 GMT -8
I like the velocity. Hopefully this will resolve quickly.
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Post by fas550 on Dec 6, 2012 6:39:06 GMT -8
THAT'S a lot of volume.
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Post by wheeles on Dec 6, 2012 6:40:14 GMT -8
Looking like a big pre-Christmas bargain.
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Post by hellojapan on Dec 6, 2012 6:40:19 GMT -8
Soooooo... about 10% down in two days?
What company am I invested in again?
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Post by lance on Dec 6, 2012 6:41:15 GMT -8
AAPL could be drop 100 dollars a share today and it wouldn't even surprise me. This stock manipulation is a joke haha.
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Post by wheeles on Dec 6, 2012 6:42:17 GMT -8
Now lets see some shorts get their faces ripped off.
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