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Post by Red Shirted Ensign on Apr 2, 2013 18:35:22 GMT -8
Unfortunately, I've applied the approach like this: IF the horse has bolted the barn, THEN shut the barn door. Lol For me, it comes down to trading that proverbial horse in midstream first, then he bolts (slowly) and then I burn down the barn... |
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Post by lovemyipad on Apr 2, 2013 18:36:34 GMT -8
RE: EW.... Talk to mace. Yes we may visit 390 but we are about to go very bullish. Um, so paraphrasing: After we bottom, we will go up.  |
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Post by sponge on Apr 2, 2013 18:41:13 GMT -8
I still dont see the fingerprint authentication coming in the 5S. They need a much bigger button for the various sizes of fingers and my law enforcement guru showed me how big the smallest device on the market is today. It is huge and it can not have glass for the finger print pad.
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Post by sponge on Apr 2, 2013 18:43:24 GMT -8
RE: EW.... Talk to mace. Yes we may visit 390 but we are about to go very bullish. Um, so paraphrasing: After we bottom, we will go up. Yes but EW is not guaranteeing 390 either. The only way for that to happen is a very bad 2nd quarter which I see no evidence of. I think we are at the bottom. |
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Post by applemuncher on Apr 2, 2013 18:47:45 GMT -8
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Post by lovemyipad on Apr 2, 2013 18:51:31 GMT -8
I used to run a much more concentrated portfolio. Diversification was about expiration dates and strike prices The number of positions is a risk management tactic. I will end up with 40-50 roughly equal weight positions. A single company blow-up, like BP in the Gulf, will not have undue influence on the portfolio total. Most of the work is done before the purchase is made, after that I go into buy and monitor mode. I spend less time on my holdings now than I did when it was all AAPL options. I think if you do the right kind of work before the purchase it minimizes the amount of work needed later. Good job, Roni!!! And GREAT to see you again -- we have missed you!!!  |
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Post by lovemyipad on Apr 2, 2013 18:53:44 GMT -8
Yes but EW is not guaranteeing 390 either. The only way for that to happen is a very bad 2nd quarter which I see no evidence of. I think we are at the bottom. EW doesn't guarantee ANYTHING. It's all IF/THEN scenarios, and there is a bullish and a bearish count at all times with confirmation and invalidation criteria. (Think: chess.) You can spin your own fundamental explanations for why this or that happens -- EW doesn't care about the why. The answer is the always same: sentiment. |
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Post by lovemyipad on Apr 2, 2013 19:15:08 GMT -8
IF AAPL can't get back above the green/white lines (get above and STAY above), THEN we are going down to test support levels one by one. Key Trendlines:  Key Fibs:  |
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Mav
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Post by Mav on Apr 2, 2013 19:19:45 GMT -8
"Say the rules of thumb for prevailing downtrends." |
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Post by mace on Apr 2, 2013 20:10:49 GMT -8
Apple's long run up to its high price of 705, was the first wave of a super cycle. The current correction, is wave 2 of that super cycle. These are the first two waves of a five wave cycle. So far, they are picture perfect. Wave 1 is comprised of 5 waves up, with wave 3 a perfect Fibonacci ratio of 1.618 times the length of wave 1. Wave 2 is comprised of 3 waves down, referred to as A-B-C. The A wave and C wave should be equal in length. Given those requirements, the wave 2 will bottom at 390, plus or minus a point or two. So far the waves are performing exactly as the Elliott Wave Principles dictate. The 390 level is also exactly a 50 percent retracement, which is a natural golden ratio.
This is where you place your buy order, because it's where we expect the bottom to be. The beginning of a wave 3 up, the extent of which is typically 1.618 times the length of wave 1, so it may be a long ride to the upside. In this case, the length of wave one is 627 points, therefore the wave three target is:
627 x 1.618 =1014 added to the bottom 390 = 1404
Above is from Ernie Varitimos. Sponge has mistaken me for him  . If we're in wave 2, I'm worry because wave 2 theoretically can retrace up to 100%, want to know where is origin of wave 1? Guess not. |
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Post by Deleted on Apr 2, 2013 20:31:15 GMT -8
Apple's long run up to its high price of 705, was the first wave of a super cycle. The current correction, is wave 2 of that super cycle. These are the first two waves of a five wave cycle. So far, they are picture perfect. Wave 1 is comprised of 5 waves up, with wave 3 a perfect Fibonacci ratio of 1.618 times the length of wave 1. Wave 2 is comprised of 3 waves down, referred to as A-B-C. The A wave and C wave should be equal in length. Given those requirements, the wave 2 will bottom at 390, plus or minus a point or two. So far the waves are performing exactly as the Elliott Wave Principles dictate. The 390 level is also exactly a 50 percent retracement, which is a natural golden ratio.
This is where you place your buy order, because it's where we expect the bottom to be. The beginning of a wave 3 up, the extent of which is typically 1.618 times the length of wave 1, so it may be a long ride to the upside. In this case, the length of wave one is 627 points, therefore the wave three target is:
627 x 1.618 =1014 added to the bottom 390 = 1404
Above is from Ernie Varitimos. Sponge has mistaken me for him . If we're in wave 2, I'm worry because wave 2 theoretically can retrace up to 100%, want to know where is origin of wave 1? Guess not. LOL. Where is TommoUK when we need him. For the old timers, Tommo had great fun with Ernie, who amassed a very respectable record of being W.R.O.N.G. |
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Post by Deleted on Apr 2, 2013 20:34:41 GMT -8
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Post by Deleted on Apr 2, 2013 20:50:41 GMT -8
Thanks so much for posting this Mercel - I had missed this story today. Ever since Siri launched in 2011, I always thought the ultimate use of it would be as a cloud powered brain for a autonomous humanoid robotic servant for every home and workplace. Retailing at $10,000 a pop of course. That's an entirely new market bigger than the auto industry. |
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Post by sponge on Apr 2, 2013 21:36:12 GMT -8
Thanks so much for posting this Mercel - I had missed this story today. Ever since Siri launched in 2011, I always thought the ultimate use of it would be as a cloud powered brain for a autonomous humanoid robotic servant for every home and workplace. Retailing at $10,000 a pop of course. That's an entirely new market bigger than the auto industry. Apple has a ton of projects up its sleeve. The possibilities of what they can do is endless. Like why would they file a patent for glass that repels water? Meaning having a windshield with no wiper blades. Why would they file a patent for a virtual store? They filed over 900 patents in 2011 and over 1000 in 2012. |
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Mav
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Post by Mav on Apr 2, 2013 21:46:16 GMT -8
iRobot's taken  I'll be here all week |
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Mav
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Post by Mav on Apr 2, 2013 21:48:02 GMT -8
Apple's long run up to its high price of 705, was the first wave of a super cycle. The current correction, is wave 2 of that super cycle. These are the first two waves of a five wave cycle. So far, they are picture perfect. Wave 1 is comprised of 5 waves up, with wave 3 a perfect Fibonacci ratio of 1.618 times the length of wave 1. Wave 2 is comprised of 3 waves down, referred to as A-B-C. The A wave and C wave should be equal in length. Given those requirements, the wave 2 will bottom at 390, plus or minus a point or two. So far the waves are performing exactly as the Elliott Wave Principles dictate. The 390 level is also exactly a 50 percent retracement, which is a natural golden ratio.
This is where you place your buy order, because it's where we expect the bottom to be. The beginning of a wave 3 up, the extent of which is typically 1.618 times the length of wave 1, so it may be a long ride to the upside. In this case, the length of wave one is 627 points, therefore the wave three target is:
627 x 1.618 =1014 added to the bottom 390 = 1404
Above is from Ernie Varitimos. Sponge has mistaken me for him . If we're in wave 2, I'm worry because wave 2 theoretically can retrace up to 100%, want to know where is origin of wave 1? Guess not. Beware of Genius(es) |
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Post by rezonate on Apr 3, 2013 3:32:09 GMT -8
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. If we're in wave 2, I'm worry because wave 2 theoretically can retrace up to 100%, want to know where is origin of wave 1? Guess not.