|
Post by rob_london on Apr 30, 2013 10:57:54 GMT -8
|
|
|
Post by capablanca on Apr 30, 2013 11:23:14 GMT -8
If we don't gap over the daily SMA-50, or plow through it on a short squeeze, I'm thinking some consolidation* here between daily SMA-20 / 50 might bode well for continuation and another leg up. *EW: Wave-4 smooshie before leg up, versus B-wave smooshie before leg down like last time from 469? EW pals, see me in EW thread... As you know I am neither a daily chart nor an EW aficionado. And Friday is a long way away. But right now on the weekly chart MACD-h has flipped positive. If it closes the week positive, it will confirm a trend reversal signal that Elder believed among the most reliable.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 30, 2013 12:01:18 GMT -8
Train day. I "hate" these. Will see about retrace, otherwise look to 450s. Closed my Wk1 $420/$425 Call Spreads after one day of ownership. Nice profit. But now I'm seeing AAPL intraday low trading ABOVE the 5 DMA of the intraday HIGH. In the past (even before last September) this was a no-no, and was followed by a correction. Question: is there so much pent up demand this time around that AAPL isn't going to follow patterns of the past, or does anyone else think AAPL's ascent has been a little to fast? Looking for reasoned arguments both ways.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 30, 2013 12:03:32 GMT -8
Slight selloff at the Close, but well within the trading channel of the previous 2 1/2 hours. Has AAPL peaked to catch its breath?
|
|
|
Post by moltenfire on Apr 30, 2013 12:03:36 GMT -8
Ascent feels too much too fast. 3+% intraday high a day feels like a lot.
|
|
|
Post by Red Shirted Ensign on Apr 30, 2013 12:04:03 GMT -8
A retrace into the 433-5 range would not bother me at all and demonstrated support there would actually give me a little more confidence that this time it is for real.
Dip Buyers at the ready!
|
|
|
Post by Red Shirted Ensign on Apr 30, 2013 12:07:26 GMT -8
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 30, 2013 12:07:37 GMT -8
A retrace into the 433-5 range would not bother me at all and demonstrated support there would actually give me a little more confidence that this time it is for real. Dip Buyers at the ready! That's not how Saturn V rockets work, Ensign (Pulver). You should know that.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 30, 2013 12:13:00 GMT -8
Plus, we have a long way to go before we see 75% ownership. The highest institutional ownership I recall seeing is 71%.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 30, 2013 12:16:00 GMT -8
Plus, we have a long way to go before we see 75% ownership. The highest institutional ownership I recall seeing is 71%. Dividends should be worth 4% more don't you think? And why in the hell is GOOG at 86%?
|
|
|
Post by redinaustin on Apr 30, 2013 12:27:18 GMT -8
You can't make this s**t up: daringfireball: Headline of the Day: ‘Samsung’s Mediocre S4 Reviews Are Bad News for Apple’: t.co/no8VlXBYVp
|
|
|
Post by lovemyipad on Apr 30, 2013 12:31:33 GMT -8
|
|
|
Post by qualitywte on Apr 30, 2013 12:32:53 GMT -8
Ascent feels too much too fast. 3+% intraday high a day feels like a lot. I seem to remember some multi-day drops of 3-5% over the last few months, and some were consecutive days. I was too shocked to digest it! Now I'm just a little numb, but enjoy watching this strong rise.
|
|
|
Post by appledoc on Apr 30, 2013 12:35:54 GMT -8
Really good day. Above 469 and I'm damn near certain the bottom is in. Will start looking to add on a successful retest of the downtrend line if that happens first.
Plan is for mostly commons but mixed in with Jan 15 calls and Jan 14 spreads.
|
|
|
Post by qualitywte on Apr 30, 2013 12:38:09 GMT -8
You can't make this s**t up: daringfireball: Headline of the Day: ‘Samsung’s Mediocre S4 Reviews Are Bad News for Apple’: t.co/no8VlXBYVpYeah, and that headline keeps re-appearing in the Yahoo Finance list. I've seen it come up at least 3 times under "recent headlines". Just an example of how bullshit can get headlines.
|
|
|
Post by staralpha on Apr 30, 2013 12:39:19 GMT -8
Glad you guys had a great 2 days so far this week. Too bad my trade plan didn't work for me today. I hope to join you guys on another continuation day tomorrow. Two days of gains and afternoon tight trading range looks good so far. Levels of note: $466, 100 Day MA (not crossed since Oct 2012) $463, previous local closing top (March 25) _______________________ <------ Probably missing a level here, other technician insight? $433, Resistance -> Support line
|
|
|
Post by lovemyipad on Apr 30, 2013 12:53:57 GMT -8
Technicals for Non-Technicals Chart: Tug of War AAPL 1H: The last two days look FABULOUS. Now, to differentiate this time from last time -- just ONE way to measure -- bulls hopefully will NOT allow bears to take back more than 61.8% of the rope (i.e., reclaimed territory from 385 to wherever this upwave finds a temporary top).
|
|
|
Post by lovemyipad on Apr 30, 2013 12:56:37 GMT -8
Ascent feels too much too fast. 3+% intraday high a day feels like a lot. For where we are in this upwave, IMHO, it's a-okay. In EW terms, this is "Wave 3 action." 3rd waves are fast and furious (up or down). Then comes 4 -- sideways / other direction (in this case, down). Then 5 -- retest of Wave 3 levels (another leg up).
|
|
|
Post by bloodylongaapl on Apr 30, 2013 12:58:27 GMT -8
Technicals for Non-Technicals Chart: Tug of War AAPL 1H: The last two days look FABULOUS. Now, to differentiate this time from last time -- just ONE way to measure -- bulls hopefully will NOT allow bears to take back more than 61.8% of the rope (i.e., reclaimed territory from 385 to wherever this upwave finds a temporary top). Love these charts. Fibs for Dummies
|
|
|
Post by prazan on Apr 30, 2013 12:59:08 GMT -8
If we don't gap over the daily SMA-50, or plow through it on a short squeeze, I'm thinking some consolidation* here between daily SMA-20 / 50 might bode well for continuation and another leg up. *EW: Wave-4 smooshie before leg up, versus B-wave smooshie before leg down like last time from 469? EW pals, see me in EW thread... As you know I am neither a daily chart nor an EW aficionado. And Friday is a long way away. But right now on the weekly chart MACD-h has flipped positive. If it closes the week positive, it will confirm a trend reversal signal that Elder believed among the most reliable. If I remember correctly, the weekly crossed over on March 25th, only to drop below the bar again before the end of the week. Appledoc warned that it could be a head fake, and so it was. That he's judging this one differently gives me some confidence. The differences between then and now are the earnings report, dividend increase, and buyback, so perhaps the fundamentals now support the push above the MACD-h bar.
|
|
|
Post by lovemyipad on Apr 30, 2013 13:01:53 GMT -8
CAPA: I DID NOTICE THAT WEEKLY MACD-H CROSSED A SMIDGE YESTERDAY (I posted in Chart Talk thread)!!!!!!!!!!! Now, if we can get more than a smidge...
|
|
|
Post by lovemyipad on Apr 30, 2013 13:02:34 GMT -8
Love these charts. Fibs for Dummies
|
|
|
Post by mtjs on Apr 30, 2013 13:22:52 GMT -8
Ascent feels too much too fast. 3+% intraday high a day feels like a lot. it indeed feels less if the stock goes %3 DOWN a day
|
|
|
Post by phoebear611 on Apr 30, 2013 13:30:22 GMT -8
We are passed earnings. There is a plan for the cash that helps put a floor on the stock The bond auction was over-subcribed and there is a new world of investors in the AAPL universe in the fixed income sector as of today. Today Russian billionaire who has a great track record in tech (Usmanov) said he took a $100 mln position in the stock - may take more. There are people who follow his moves. Technicals are looking somewhat better. But one of the most important of all is that MOMENTUM is beginning to rear its head again. We've seen it in AAPL before - or GOOG - or AMZN. We have seen how momentum works for these names...and I'm getting a whiff that it is infiltrating (in honor of May Day) AAPL! Let's continue to watch this baby but things are beginning to look quite encouraging as many of you have also stated.
|
|
coma
Member
Posts: 532
Member is Online
|
Post by coma on Apr 30, 2013 13:31:40 GMT -8
Love these charts. Fibs for Dummies After being comatose all these years, I do believe I see some light at the end of the " Fibs" tunnel. Thank you for the schooling . . .
|
|
|
Post by phoebear611 on Apr 30, 2013 13:52:36 GMT -8
|
|
|
Post by seabiscuit on Apr 30, 2013 14:10:15 GMT -8
PPS has been like a yoyo! - All things considered at this point any thoughts on what the resistance level by May OPEX?
|
|
|
Post by archibaldtuttle on Apr 30, 2013 14:19:23 GMT -8
Since Apple just raised their debt capital today, does anybody know if they've actually started buying shares on the open market yet?
|
|
|
Post by appledoc on Apr 30, 2013 14:32:41 GMT -8
As you know I am neither a daily chart nor an EW aficionado. And Friday is a long way away. But right now on the weekly chart MACD-h has flipped positive. If it closes the week positive, it will confirm a trend reversal signal that Elder believed among the most reliable. If I remember correctly, the weekly crossed over on March 25th, only to drop below the bar again before the end of the week. Appledoc warned that it could be a head fake, and so it was. That he's judging this one differently gives me some confidence. The differences between then and now are the earnings report, dividend increase, and buyback, so perhaps the fundamentals now support the push above the MACD-h bar. Two reasons really: True break above the downtrend line (let's hope it holds). AND Sentiment feels as more positive than any point since the initial Samsung verdict. This looks real to me. But, I can wait for a few more pieces to fall in place before saying we're truly headed up. Like I said before, buying here or 5% higher from now is negligible if we are headed toward 800+ next. 820 is my first target. From there it's 2000+... ;D
|
|
|
Post by cbingle on Apr 30, 2013 14:36:25 GMT -8
$2,000+...really!?
|
|