AAPL Weekly Charts

[lovemyipad]

AAPL WEEKLY CHART:

[Mav]

iPad's chart with a little annotation:



Held where it needed to in terms of Fast STO. But is that the end to the parallels?

I call it a bullish sign. Not definitive, but worth noting.

[appledoc]

Weekly chart is beautiful. As good as it could possibly be right now. You cannot draw a single downtrend line that would enclose the current price. First time that's been true.

[lovemyipad]

Doc, excellent point re: trendlines.

Mav, I really liked the parallel at first glance. Then I looked a bit closer, and there is just one thing I want to point out that could be nothing... but then again may be something...

Fast Sto and the second (middle) MACD-h are showing hidden bearish divergence. In the previous 2009-2010 comparison, there's no divergence (hidden or otherwise) on the way up.

That said, while this may be a "heads up," I think we need to stick with levels and trendlines. Let price confirm or invalidate our theses one way or another. Right now, pure price action (not volume, etc.) is bullish until proven otherwise by a decisive loss of key levels.

Used a wide-angle lens for this shot...

AAPL WEEKLY CHART:

[Mav]

Could you run that by me again? Or maybe clarify the annotations?

I'm not saying the two periods are alike - if anything the most recent downtrend makes the least sense soI wouldn't be a whit surprised if it's still giving off weird readings somewhere.

Focusing on the one truth - price - the weekly and daily still look quite good.

[lovemyipad]

Mav, disregard aforementioned because it's now invalidated. Read: bullish!

[lovemyipad]

AAPL WEEKLY CHART:

[lovemyipad]

Just a little "could be nothing, could be something" note... Months ago Doc mentioned this possibility on the horizon: Non-div adjusted weekly SMA-50 crossed a smidge below weekly SMA-100. I have to go check the div-adjusted...

[lovemyipad]

Div-adjusted, kissing but no cross yet...

AAPL WEEKLY CHART:

[Mav]

I say "meaningless" because of this hugely "exaggerated" move. For now.

[lovemyipad]

Well, the last time they crossed, there was only One More retest of the lows, then that downtrend from hell was officially over.

*cough* gap *cough*

[Mav]

Oh lord

[capablanca]

I tried not to look at iPad's charts before writing this, but confess that I did peek briefly last evening. I do want to study them in detail, but I like to organize my thoughts on my weekly chart without any outside influence. Fortunately, I don't recall much of what I saw. :-)

I am very much pleased that we closed the week above the 26-week EMA despite the late-week weakness. The last time we crossed this barrier on the way up was in December of 2011 in the mid-to-high 300s. The last cross going down was last Halloween in the high 500s. I do not see a single instance in the last five years where this EMA was crossed for two weeks and then did not stay there for many months. What is more the two forementioned crosses led to large moves. This 26-week EMA also looks to be turning up after 10 months of falling.

Several other noteworthy positives this week: The MACD-h (12,26,9) bar this week was higher than the bar at the late-May short-term high. Likewise the RSI(14) level is higher. The slow Stochastic (10,3,10) has just turned up at around the 55 level; the last two times it turned up while in this neighborhood were at 400 on its way to 600, and 600 on its way to 700.

All in all, I could see 550 yet this year. The big cloud hanging over us is that the overall market, as represented by the S&P, looks awful to me. Many possible triggers of a "crash" loom; just one to ponder is a Fed changing course under the new King or Queen.

[lovemyipad]

Thanks so much, Capa!!!

[lovemyipad]

AAPL WEEKLY CHART:

[lovemyipad]

AAPL WEEKLY CHART:

[Mav]

Look at that Fast STO.

[lovemyipad]

Time to embed at the NORTH pole again!!!

[Mav]

Carl Icahn helped make my Fast STO comparison look awesome. ;D

[lovemyipad]

INDEED!!!!!