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Post by lovemyipad on Jan 6, 2013 19:46:48 GMT -8
Mav, yep! You got it! I'm thinking it may be better than just okay. I'm thinking it might be signalling our bottom, just as the one on the other side signaled our top. Hey, I made this chart for the Intraday thread (for the lower trendline) and I just now drew a parallel for the channel. Look where we happen to be hitting right now... Usually first test of support/resistance holds...doesn't break until further retest... Well, that upper channel line is now resistance, and we just retested it. Now if we could bang it one more time with some volume, it should break. AAPL WEEKLY CHART: trendlines
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Mav
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Post by Mav on Jan 6, 2013 20:25:11 GMT -8
Sure would be nice for AAPL to hit a higher gear again. The monster macro trendline's great and all, but it's more appropriate for the Braeburn Capital Money Market Fund than it is for AAPL, y'know?
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Mav
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Post by Mav on Jan 6, 2013 20:26:43 GMT -8
Btw - why am I not surprised that the upper channel is kinda close to 555?
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Post by lovemyipad on Jan 6, 2013 20:30:01 GMT -8
The monster macro trendline's great and all, but it's more appropriate for the Braeburn Capital Money Market Fund than it is for AAPL, y'know? LOL!!!
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Post by nathanstevens on Jan 11, 2013 8:52:40 GMT -8
The weekly MACD histogram is very close to crossing over into positive territory. This would be a very good thing. Refer to the previous two times that this happened in iPad's chart above.
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Post by wheeles on Jan 11, 2013 8:59:57 GMT -8
The weekly MACD histogram is very close to crossing over into positive territory. This would be a very good thing. Refer to the previous two times that this happened in iPad's chart above. Not on my charts is it anywhere near crossing into bullish territory. At best the MACD line is close to going flat while the signal line is still going down.
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Post by appledoc on Jan 11, 2013 9:35:01 GMT -8
The weekly MACD histogram is very close to crossing over into positive territory. This would be a very good thing. Refer to the previous two times that this happened in iPad's chart above. Not on my charts is it anywhere near crossing into bullish territory. At best the MACD line is close to going flat while the signal line is still going down. We've come quite a way from the peak, but yes, we have a ways to go before we're in positive territory. It's going to take weeks before it happens.
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Post by nathanstevens on Jan 11, 2013 10:09:19 GMT -8
The weekly MACD histogram is very close to crossing over into positive territory. This would be a very good thing. Refer to the previous two times that this happened in iPad's chart above. Not on my charts is it anywhere near crossing into bullish territory. At best the MACD line is close to going flat while the signal line is still going down. I use 8,17,9 instead of 12,26,9 as a slightly faster indicator. I agree that the default time period is still negative but on a positive slope.
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Post by wheeles on Jan 11, 2013 10:41:57 GMT -8
Not on my charts is it anywhere near crossing into bullish territory. At best the MACD line is close to going flat while the signal line is still going down. I use 8,17,9 instead of 12,26,9 as a slightly faster indicator. I agree that the default time period is still negative but on a positive slope. I stick with the defaults. If I need a faster indicator, then I look at a shorter timeframe.
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Post by nathanstevens on Jan 11, 2013 11:02:06 GMT -8
I use 8,17,9 instead of 12,26,9 as a slightly faster indicator. I agree that the default time period is still negative but on a positive slope. I stick with the defaults. If I need a faster indicator, then I look at a shorter timeframe. That's a great point. I like to look at intraday timeframes too, but sometimes I like to "zoom out" for an aerial view for confirmation. Its the same reason that I like to see trend lines.
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Post by lovemyipad on Jan 12, 2013 15:09:07 GMT -8
AAPL WEEKLY CHART:
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Post by Mav on Jan 12, 2013 16:03:51 GMT -8
Yup, definitely an upper BB hook.
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Post by lovemyipad on Jan 15, 2013 21:19:33 GMT -8
AAPL WEEKLY CHART:
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Post by lovemyipad on Jan 19, 2013 18:13:41 GMT -8
AAPL WEEKLY CHART:
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Mav
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Post by Mav on Jan 19, 2013 18:56:13 GMT -8
Also, I say either AAPL looks bad or worse for months to come, OR if AAPL gets out of this downtrend, it's very well set up for the next intermediate upwaves. Gotta dig for that 2005-2009 chart...the extent of the downtrend feels 2008-09ish, even though it's not quite as bad percentage-wise... EDIT: AAPL 2005-2009 WEEKLY CHART: Ah, here we go. I'm sure there's still some useful info left to find in this chart.
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Post by Mav on Jan 19, 2013 22:56:27 GMT -8
Maybe so!
iPad, I'm thinking that IF AAPL can get sentiment back on its side, the similarities of late 2008-early 2009 suggest a big shift back to uptrend. I might even be seeing an EW parallel there (though I'm not sure how, I guess I'm just drawing mental zigzags ;D)
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Post by mace on Jan 20, 2013 1:14:52 GMT -8
... Gotta dig for that 2005-2009 chart...the extent of the downtrend feels 2008-09ish, even though it's not quite as bad percentage-wise ... That's why we label 2007-2009 as wave II and Sep 2012 to now as wave IV, they feel like of the same degree. Also, fractals. One of the big thing in EW, is the ability to group waves of the same degree.
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Post by lovemyipad on Feb 9, 2013 19:30:15 GMT -8
AAPL WEEKLY CHART:
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Mav
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Post by Mav on Feb 9, 2013 20:36:45 GMT -8
It's funny, that hook looked "definitive" on free version of stockcharts.
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Post by lovemyipad on Feb 18, 2013 19:34:30 GMT -8
AAPL WEEKLY CHART:
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Post by lovemyipad on Feb 24, 2013 9:20:31 GMT -8
AAPL WEEKLY CHART:
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Mav
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Post by Mav on Feb 24, 2013 11:48:00 GMT -8
Painful, but interesting in a couple of ways.
It's still far from "safe" to DCA or "buy the dip" (more like "buy the severe correction"), unless your timeframe measures in the 3-5+ years maybe.
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Post by prazan on Feb 24, 2013 18:47:24 GMT -8
I don't like the sound of "embedded oversold." And it looks like we need considerable work to untangle the threads of the moving averages. But the upwave in a downtrend seen in the Macd gives some hope.
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Post by Mav on Feb 24, 2013 19:21:41 GMT -8
Well, embedded oversold has been in play for some time now. The longer it continues, the more likely the Fast STO should get out of that range. Normally.
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Post by lovemyipad on Mar 10, 2013 11:16:31 GMT -8
Another round of bullish divergences... AAPL WEEKLY CHART: (log scale)
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Post by mace on Mar 10, 2013 11:55:53 GMT -8
It's still far from "safe" to DCA or "buy the dip" (more like "buy the severe correction"), unless your timeframe measures in the 3-5+ years maybe. Is safe to DCA so long you're cocksure that AAPL would eventually be higher than the highest price that you paid for from now to the max timeframe you must exit.
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Post by Mav on Mar 10, 2013 12:03:12 GMT -8
Capt. Obvious reporting for duty.
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Post by mace on Mar 10, 2013 12:09:24 GMT -8
Capt. Obvious reporting for duty. Obvious and commonsense is not common and obvious to many people. For example, best to attack places where there is minimum defence and defend places where attack is most unlikely is not obvious to many people. iPod and iPad are examples of assault at minimum defended places.
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Post by lovemyipad on Mar 17, 2013 9:41:12 GMT -8
Fast Sto is still embedded in oversold territory, but pointing up at the moment... Yet another bearish cross with the weekly EMA-13 crossing below SMA-100. AAPL WEEKLY CHART:
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Post by Mav on Mar 17, 2013 11:40:28 GMT -8
Not too concerned about that bearish cross. It 's just an after affect of this intense and consistent selling pressure.
If AAPL finishes green this week it'll be yet ANOTHER downtrend first, btw. And it could be fairly significant.
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