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Post by lovemyipad on Dec 10, 2012 17:41:00 GMT -8
AAPL DAILY CHART: Key Fibs Note: we have a new trendline...let's see if it holds.
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Post by mbeauch on Dec 10, 2012 19:08:41 GMT -8
Lovey, is that a parallel channel with the two previous highs?
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Post by lovemyipad on Dec 10, 2012 19:10:29 GMT -8
Ooooh, good one! Lemme check...
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Post by lovemyipad on Dec 10, 2012 19:14:11 GMT -8
That channel looks like it would hit around 515-ish: AAPL DAILY:
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Post by lovemyipad on Dec 10, 2012 19:17:15 GMT -8
Well, lookie here... Guess which trendline DOES make a parallel channel? Mav's trendline! AAPL TWO-DAY CHART:
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Mav
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Post by Mav on Dec 10, 2012 19:57:51 GMT -8
Interesting... And for the record, I never, uh, didn't say that "my" trendline wasn't an accelerated trendline? (/triple-hyper-hedge) It's perilous but the "macro" accelerated uptrend (363-705) is STILL intact despite everything per Fib 101. The parallel channels may support that theory, until they don't.
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Mav
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Post by Mav on Dec 10, 2012 20:00:16 GMT -8
Speaking of interesting...
Humor me, iPad. Is there a parallel-ish "trendline" connecting the late July '11 high and the 705 high?
(Not like I know what it would mean if there is.)
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Post by lovemyipad on Dec 10, 2012 20:55:43 GMT -8
We've created a Trendline Monster (aka Mav) !!
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Mav
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Post by Mav on Dec 10, 2012 20:58:44 GMT -8
I have failed. Not a clean tag of the 2011 highs. And even if I have a talent for connecting line segments (ooooh, big deal ), is it important? Or just another channel to measure strength/sentiment?
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Post by lovemyipad on Dec 10, 2012 21:00:36 GMT -8
I have failed. Not a clean tag of the 2011 highs. And even if I have a talent for connecting line segments (ooooh, big deal ), is it important? Or just another channel to measure strength/sentiment? Look again. That's connecting two points on either side. That's better (stronger) than a tag of one point only. The more points, the better. See, there you go again, being all innately aware and stuff... Remember, that line intially HELD for a good long while before it broke. Yes, channels measure sentiment -- they also can provide great potential entry and exit points.
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Mav
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Post by Mav on Dec 10, 2012 21:03:36 GMT -8
The scary thing is, we're close to a "mean reversion." We've more or less been enjoying an "accelerated" uptrend the whole year and maybe a little before that. Even though valuation (which has no place in technicals) is just so rock bottom cheap. I don't really wanna see mean reversion to how things were from around 2009-2011. We'd be at a 9-10 multiple same time next year, maybe.
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Post by mbeauch on Dec 10, 2012 21:43:43 GMT -8
Mav, you seem to want to discard the trend lines. I have to say the trend line has been my number one tool for years. Of course the trend lines are what trapped me, so eh, call me pig headed.
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Mav
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Post by Mav on Dec 10, 2012 21:50:08 GMT -8
I DO NOT want to discard the trend lines. Let me be clear.
But the accelerated uptrend is in danger.
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Post by lovemyipad on Dec 11, 2012 14:53:21 GMT -8
AAPL DAILY CHART: Dare I say it...? I'm cautiously optimistic. Still don't know if the lows are in, or if we have another retest, but the divergences (bullish) look good at the moment...
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Mav
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Post by Mav on Dec 11, 2012 16:27:24 GMT -8
"Violent consolidation"? Also double bottom and higher lows. I've gone from bearish to neutral for now in terms of sentiment. Actual trades, no changes.
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Post by lovemyipad on Dec 12, 2012 11:29:49 GMT -8
AAPL 2-DAY CHART:
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Post by renee on Dec 12, 2012 11:58:03 GMT -8
AAPL DAILY CHART: Dare I say it...? I'm cautiously optimistic. Still don't know if the lows are in, or if we have another retest, but the divergences (bullish) look good at the moment... Hi Lovemycharts, I am a little confused by the bullish divergence on your chart. I can see that the indicator made a higher low, but the price also made a higher low. Wouldn't the price have to make a lower low for this to be a bullish divergence? Thanks again for all you do! Renee
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Post by lovemyipad on Dec 12, 2012 13:34:52 GMT -8
I am a little confused by the bullish divergence on your chart. I can see that the indicator made a higher low, but the price also made a higher low. Wouldn't the price have to make a lower low for this to be a bullish divergence? Thanks again for all you do! Renee YES, you are right; and that's why I put "POTENTIAL" in caps...it appeared that we might be setting up for it, but I couldn't call it that since there wasn't a lower low. But see, even here, we made a lower low in price compared to where price was when it made the lowest low on the previous MACD-h valley. Clear as mud?? In summary: I thought there was enough there to raise a "potential" alert, but not enough to come out and call it for sure. P.S. Good job, Renee!!
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Post by lovemyipad on Dec 12, 2012 13:47:55 GMT -8
AAPL DAILY CHART:
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Mav
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Post by Mav on Dec 12, 2012 14:13:27 GMT -8
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Post by Mav on Dec 12, 2012 14:24:20 GMT -8
AAPL 2-DAY CHART: iPad, doesn't the 2009-2011 macro channel pass through that latest chart of yours at some point? If it does, it'd make a very intriguing set of channels to...surf.
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Post by lovemyipad on Dec 12, 2012 15:04:04 GMT -8
MAV!!!!!!! You should be *really* scared -- unless you subsconsciously (or consciously) remember ME posting that (Higher Low!) on AFB1 last year?!?!?!
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Mav
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Post by Mav on Dec 12, 2012 15:06:11 GMT -8
Context? (We talk high low price/MACD-h all the time, huh?) I like that Steve Winwood song.
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Post by lovemyipad on Dec 12, 2012 15:07:41 GMT -8
Context? (We talk high low price/MACD-h all the time, huh?) I like that Steve Winwood song. THAT SONG with the revised lyrics "higher low" !!!!!!!! *I* sing that all the time!!!!!!!!
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Mav
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Post by Mav on Dec 12, 2012 15:08:33 GMT -8
It's only natural! The lyrics fit just great! Aw, nuts...we agree again, don't we?
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Post by lovemyipad on Dec 12, 2012 15:09:16 GMT -8
YES, and we should BOTH be scared!!!!!!!!!
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Mav
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Post by Mav on Dec 12, 2012 16:03:35 GMT -8
iPad...I don't know if it means anything or if I'm measured it right, but I think I see a monster macro trendline (weekly chart) from at least March 13, 2009 or so that (while obviously no big secret that it exists) WOULD show up on your 2-day chart...
Points that might connect more or less with the March 2009 point: 5/7/10, 8/27/10?, 6/17/11, 11/25/11
IF valid, then I'll look into the channel.
EDIT: Hmm, I'm thinking it IS valid. Potential sea change-type inflection point on the way?!
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Post by renee on Dec 12, 2012 20:10:06 GMT -8
YES, you are right; and that's why I put "POTENTIAL" in caps...it appeared that we might be setting up for it, but I couldn't call it that since there wasn't a lower low. But see, even here, we made a lower low in price compared to where price was when it made the lowest low on the previous MACD-h valley. Clear as mud?? In summary: I thought there was enough there to raise a "potential" alert, but not enough to come out and call it for sure. P.S. Good job, Renee!! Thanks for the explanation and all the positive support. You are the best!!
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Post by lovemyipad on Dec 13, 2012 14:20:56 GMT -8
AAPL TWO-DAY CHART: Still riding that trendline... Looks like an "inside day" on a 2D chart...
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Post by lovemyipad on Dec 13, 2012 14:57:30 GMT -8
iPad...I don't know if it means anything or if I'm measured it right, but I think I see a monster macro trendline (weekly chart) from at least March 13, 2009 ... AAPL DAILY CHART: (Mav's Monster Macro Trendline) That's a good, valid trendline. I drew the parallel channel I like the best in green for the upper line. Then the dotted white line appears to be the strongest fit I could find (hits the most tops, if not the tippy tops / upwave peaks).
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