Mav
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Post by Mav on May 31, 2013 18:46:13 GMT -8
My favorite indicator (for this trend, anyway) continues to show improved AAPL composure...
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Post by lovemyipad on Jun 2, 2013 12:38:38 GMT -8
AAPL DAILY CHART:
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Mav
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Post by Mav on Jun 2, 2013 18:12:40 GMT -8
Chart's looking pretty good, considering.
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Post by lovemyipad on Jun 3, 2013 12:53:44 GMT -8
AAPL DAILY CHART:
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Mav
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Post by Mav on Jun 3, 2013 13:09:14 GMT -8
WAG: We're back on course!
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Post by lovemyipad on Jun 9, 2013 9:42:45 GMT -8
WAG: We're back on course! WAG: We're going in circles!
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Post by lovemyipad on Jun 9, 2013 9:43:28 GMT -8
AAPL DAILY CHART:
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Mav
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Post by Mav on Jun 9, 2013 9:54:16 GMT -8
Foul! That was June 3! ;D
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Post by lovemyipad on Jun 17, 2013 16:44:12 GMT -8
AAPL DAILY CHART:
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Post by lovemyipad on Jun 22, 2013 15:09:16 GMT -8
AAPL DAILY CHART: I don't know whether or not we're embedding in "oversold" territory again. I do see that "overbought" continues to be a sell signal. Note there is NO divergence on this last drop. Read: NO signs of waning momentum. We could get potential retrace (up), then retest (down).
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Mav
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Post by Mav on Jun 22, 2013 15:20:12 GMT -8
I have that downtrend reference line too.
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Post by lovemyipad on Jun 22, 2013 15:22:35 GMT -8
Oh, hey! You're already here! So look at the previous "hooks" on the daily chart... See how the opposite side tends to hooks first, suggesting "contraction phase on the way."
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Post by lovemyipad on Jun 22, 2013 15:31:11 GMT -8
AAPL DAILY CHART: Cloud 1) Uh-oh. Fell below the green cloud. 2) Lookie -- cloud resistance at 425-ish, confluence with 61.8% retrace of the drop from 435.65.
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Mav
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Post by Mav on Jun 22, 2013 15:36:01 GMT -8
I noticed the I-Cloud too.
Let's put it this way - am I _wrong_ to take notice of lower BB hooks as potentially constructive signs in certain downtrend situations? I mean, AFAIK BBs kinda sorta imply a trading range, so a hooking lower BB implies price support and is a potential sign of a mini-trend reversal in downtrends.
If I'm being too tinfoil about it and there's some articles to prove that's totally bunk, please let me know.
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Post by lovemyipad on Jun 22, 2013 16:14:40 GMT -8
I noticed the I-Cloud too. Let's put it this way - am I _wrong_ to take notice of lower BB hooks as potentially constructive signs in certain downtrend situations? I mean, AFAIK BBs kinda sorta imply a trading range, so a hooking lower BB implies price support and is a potential sign of a mini-trend reversal in downtrends. If I'm being too tinfoil about it and there's some articles to prove that's totally bunk, please let me know. Nope, I wouldn't say you're wrong -- not at all. I think the whole idea is that hooking implies contraction. So when you want a range to stop expanding, you want to see hooking.
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Post by mrentropy on Jun 22, 2013 19:06:07 GMT -8
Does anyone put any faith in RSI as an indicator? Last couple of time we pierced the lower BB and had an RSI around 30, we got a pretty good bounce back. Does that hold any water with anyone? Because we are there now.....
If no bounce, test of 400 - 395 - 385 seems enroute. I wonder how Apple's stock buybacks are going to be used as we drop lower. I would LOVE to be a fly on the wall in that room to hear the strategy....
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Post by lovemyipad on Jun 23, 2013 9:26:52 GMT -8
Does anyone put any faith in RSI as an indicator? Last couple of time we pierced the lower BB and had an RSI around 30, we got a pretty good bounce back. Does that hold any water with anyone? Because we are there now..... If no bounce, test of 400 - 395 - 385 seems enroute. I wonder how Apple's stock buybacks are going to be used as we drop lower. I would LOVE to be a fly on the wall in that room to hear the strategy.... Usually: Lower BB pierce + oversold oscillator = countertrend bounce IMHO, that bounce needs to be greater than 425-ish for any hopes of sustainable upside. Otherwise, it's a short entry.
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Mav
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Post by Mav on Jun 24, 2013 11:07:35 GMT -8
Upper BB hook iPad. Your read?
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Post by lovemyipad on Jun 24, 2013 14:37:16 GMT -8
Mav, not yet. Still appears wide open pointing toward the sky... AAPL DAILY CHART:
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Mav
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Post by Mav on Jun 24, 2013 14:42:23 GMT -8
It was there intraday, but not now, which is what matters.
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Post by lovemyipad on Jun 28, 2013 16:04:26 GMT -8
AAPL DAILY CHART:
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Mav
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Post by Mav on Jun 28, 2013 16:12:10 GMT -8
Ah, now I see the bullish divergence deal. For whatever reason I'm just thinking, "AAPL went up, MACD-h went less negative, so what, that's what happens on a bounce".
Also noticed the upperBB hook.
Struggling mightily with installing Silverlight on my Mac so as to be able to upload my not-so-awesome trendline study on the AAPL daily chart.
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Post by rutgersguy92 on Jun 29, 2013 18:07:36 GMT -8
Seems to me from looking at the positive divergence on the daily chart, plus the pierced lower BB on the weekly, that we might see some 400 numbers this week, maybe even higher.
Jason Schwarz is biding his time, waiting for the right time to buy a ton of October 500s for about $2. I picked up one Friday, so I'm not playing with a lot of risk, but he sees a potential 50-bagger if this thing starts to rally.
Fitzstock is saying wait for AAPL to reclaim the 10 sma, which is something like 410.
I also subscribe to a newsletter recommended by my father-in-law by a fellow named Richard Band, which is meant for retirees. Mr. Band recommends AAPL at less than 425, and thinks we'll start seeing some upward buoyancy after July earnings. There's more people on this board with a better feel for the EPS and revenues than Mr. Band - that is, I don't think he is aware of the minutia out there concerning the AAPL situation that we read about on this board - so maybe what he is saying about July earnings is the buzz on street, which might be holding us down now. Portends for good things later, hopefully.
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Mav
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Post by Mav on Jun 29, 2013 18:15:18 GMT -8
50x? Uh................
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Post by lovemyipad on Jun 29, 2013 20:21:46 GMT -8
Fitzstock is saying wait for AAPL to reclaim the 10 sma, which is something like 410. +1
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Mav
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Post by Mav on Jun 29, 2013 20:52:10 GMT -8
I actually think The Horseshoe might be missing out by 410 IF it happens soon. The IHS is in plain sight as of right now, and anything over 400 is a potential action area (that is, if one believes in formation trigger watching).
There might be an added element of risk at 410 too, because that's close to where the MM tops out. Testing longs at 410 if we get there in a short timeframe is actually kind of a momo play IMHO.
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Post by rutgersguy92 on Jun 30, 2013 7:53:06 GMT -8
I guess he was hoping to snag them at a buck each ($100 per contract), and then see them go to $5K for each contract - this would correspond to a stock price of 550 by expiration, or something lower (but over 500) prior to expiration - once the new products were announced/rolled out.
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Post by lovemyipad on Jun 30, 2013 8:05:55 GMT -8
I actually think The Horseshoe might be missing out by 410 IF it happens soon. The IHS is in plain sight as of right now, and anything over 400 is a potential action area (that is, if one believes in formation trigger watching). There might be an added element of risk at 410 too, because that's close to where the MM tops out. Testing longs at 410 if we get there in a short timeframe is actually kind of a momo play IMHO. Remember, he has that daily SMA-10 rule (which I like). No longs below, no shorts above. So he's saying unless price decisively breaks over SMA-10, it's considered counter-trend retrace, and he's not playing it. I could see him shorting there, if resistance held. Me, I'm thinking maybe watch for a Red Dog Reversal kind of thing but the topping kind... IF price spiked over SMA-10 then reversed back down, losing that level again, that's a potential short entry. Like what happened Friday with 400. Kinda like a bunch of conditional orders triggered: if AAPL > 400, then "sell stop" @ 399.99
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Mav
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Post by Mav on Jun 30, 2013 11:13:56 GMT -8
I'm aware of the rule. Everyone has a system I guess. This is all just for discussion purposes anyway. IMHO, the "safer" entry is AAPL powering through 419. Of course you can try to be even more conservative and wait for the MACD-h to turn positive, etc.
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Post by lovemyipad on Jun 30, 2013 11:20:20 GMT -8
Crap. I am just now noticing this (did someone mention earlier and I missed it?!): bearish cross with SMA-20 and SMA-50.
Okay, again, this brings me back to either we're consolidating in a range, and this is going to keep happening -- this daily SMA 20/50 criss-cross business -- or this is bad.
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