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Post by rutgersguy92 on Nov 5, 2012 8:33:58 GMT -8
200 SMA is around 591. Is that a player here? Today's action is good, but not exactly the short-burning rocket launch I was hoping for. What's your take, Wheeles? Personally, the only SMA I look at is the 20 SMA which is my middle Bollinger. I prefers EMAs. Often we see people hanging their hopes on an SMA only to see the price collapse through it and the fall ending at the EMA. As for the short-burning. I reckon that will come when the 10m 200 EMA is broken (and possibly retested from the other side). For many that will be a line in the sand. Then the 1H 200 EMA will come into the reckoning as an upside target. If that gets hit, then we will need to watch for a significant pullback (eg 50% of this move up, maybe more). We've seen that sort of thing plenty of times in the past, and it catches most people out and can be quite brutal. No guarantees, just be on the watch for such a move. So we need to break: 1) 10m 200-day EMA = 587.75 (which I think is in progress) 2) 600 3) 1H 200-day EMA = 613 At that point we hedge and get ready for the pullback.
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Post by wolverine on Nov 5, 2012 8:44:29 GMT -8
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Post by wheeles on Nov 5, 2012 8:44:42 GMT -8
So we need to break: 1) 10m 200-day EMA = 587.75 (which I think is in progress) 2) 600 3) 1H 200-day EMA = 613 At that point we hedge and get ready for the pullback. That's pretty much it. We might not quite make 613, so don't stubbornly hold out for that if the wheels start to come off. Also, we could blast through 613 if we get a bunch of bullish analysts notes as they can derail the best laid plans. I'm just laying out a scenario that I've seen several times before. While patterns often repeat, there are always the exceptions.
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Post by terps530 on Nov 5, 2012 8:57:09 GMT -8
a) How does the election outcome affect Apple in the short term/ long term? From the media I perceive the short term to be market goes down if obama wins, up if romney wins. Granted, I really don't know so that's just how I've subconsciously picked up on it. Long term I don't know either. Either way, if we are finally ready to bounce back, I'm just wondering how the election impacts our hopeful bounce. b) Jokestore article on Yahoo homepage front and center: Nothing Lasts Forever: Apple Is Showing Its Ageexcerpt: "Apple remains the best company in the world but it's starting to show its age. The new products are tweaked up versions of the old ones rather than the innovative leaps to which users have become accustomed. The company spent nearly a year searching for a head of its wildly successful retail stores only to fire him in 10 months. Long-time execs are leaving, software "glitches" are surfacing and iPhone customer loyalty is ticking lower. Apple is even losing market share in tablets and smartphones, two categories all but invented in Cupertino. Apple shareholders will ignore all of the above and buy the dip anyway. They may be right to do so; for now. In the larger picture the burden of proof isn't on the bears to explain why Apple will eventually falter badly but rather on the bulls to tells us why it won't. " finance.yahoo.com/blogs/breakout/nothing-lasts-forever-apple-showing-age-160045232.htmlThey cite some survey that says only 88% of iphone users will buy a next iphone, instead of 93% when last polled. Anyway- it's a stupid article to have on the front page when everything is just selling out nonstop.
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Post by appledoc on Nov 5, 2012 9:35:55 GMT -8
Sold my Friday move for an 8.5% gain. Not much, but I'm not impressed with the action today, so I'll take it.
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Post by tradermac on Nov 5, 2012 9:36:56 GMT -8
This sure is discouraging.
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Post by rob_london on Nov 5, 2012 9:54:34 GMT -8
Kass is being provocative again.
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Post by bryanyc on Nov 5, 2012 9:55:39 GMT -8
a) How does the election outcome affect Apple in the short term/ long term? From the media I perceive the short term to be market goes down if obama wins, up if romney wins. Granted, I really don't know so that's just how I've subconsciously picked up on it. Long term I don't know either. Either way, if we are finally ready to bounce back, I'm just wondering how the election impacts our hopeful bounce. b) Jokestore article on Yahoo homepage front and center: Nothing Lasts Forever: Apple Is Showing Its Ageexcerpt: "Apple remains the best company in the world but it's starting to show its age. The new products are tweaked up versions of the old ones rather than the innovative leaps to which users have become accustomed. The company spent nearly a year searching for a head of its wildly successful retail stores only to fire him in 10 months. Long-time execs are leaving, software "glitches" are surfacing and iPhone customer loyalty is ticking lower. Apple is even losing market share in tablets and smartphones, two categories all but invented in Cupertino. Apple shareholders will ignore all of the above and buy the dip anyway. They may be right to do so; for now. In the larger picture the burden of proof isn't on the bears to explain why Apple will eventually falter badly but rather on the bulls to tells us why it won't. " finance.yahoo.com/blogs/breakout/nothing-lasts-forever-apple-showing-age-160045232.htmlThey cite some survey that says only 88% of iphone users will buy a next iphone, instead of 93% when last polled. Anyway- it's a stupid article to have on the front page when everything is just selling out nonstop. Holly Flying Fud Batman. Rather like the Fortune article which suggests that Cook is cooked. HereIMHO the market will go up if the elections results are clear and uncontested.
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CdnPhoto
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Post by CdnPhoto on Nov 5, 2012 10:01:27 GMT -8
Holly Flying Fud Batman. Rather like the Fortune article which suggests that Cook is cooked. HereIMHO the market will go up if the elections results are clear and uncontested. Forbes article, not Fortune. At least at Fortune, we've got an ally in PED.
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Post by prazan on Nov 5, 2012 10:05:25 GMT -8
Holly Flying Fud Batman. Rather like the Fortune article which suggests that Cook is cooked. HereIMHO the market will go up if the elections results are clear and uncontested. Glaring error of fact in the first paragraph of the Forbes article.
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Post by Rupert on Nov 5, 2012 10:35:28 GMT -8
iPad small technical issue. Post time are showing one hour ahead of current time, news section says DST=No, but my profile says observing DST=Yes. TIA
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Post by lovemyipad on Nov 5, 2012 10:36:18 GMT -8
iPad small technical issue. Post time are showing one hour ahead of current time, news section says DST=No, but my profile says observing DST=Yes. TIA Change your profile to say NO.
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Post by greedynoob on Nov 5, 2012 10:53:03 GMT -8
Glaring error of fact in the first paragraph of the Forbes article. For those who don't want to bother: they get AAPL's low wrong by $17!
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Post by bryanyc on Nov 5, 2012 10:53:43 GMT -8
Besides the glaring error of Forbes not Fortune , the article makes no sense. Under its own terms it should be commending Cook for the great work and execution (not to mention all time highs in the stock) since Steve passed. Year over year earnings are way up, Stock price up more than 60%, yeah, fail. And where do all these experts who opine that Apple hasn't revealed a revolutionary product in the past month and is on its way down get their brains? The next major step in "revolutionary" takes time to get right. I think analysts and pundits are not forthright enough about the fact that Apple has some EXTREMELY serious leverage to use going forward in terms of customers, cash and position, and is going to use it in the future. Buckle up! Hairpin curves ahead.
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jz
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Post by jz on Nov 5, 2012 10:55:03 GMT -8
good news yay. Cramer just goes 'can we break the vortex?' I'm with him on that! On another note i had the best dream ever. In my dream I woke up at the computer, and Apple was 670. In the 5min chart I distinctly remember a 100 point candle in the 5min chart! Then it went up to 770 and over 930 towards the end of the day lol. Then my dream turned into a nightmare. I kept getting interrupted at work, and my schwab wouldn't work in closing out my options positions. I just wanted to cash out from the 500% gain in my account, but either people kept coming in, or I had technical errors. I woke up laughing. Anyway, here's to a green premarket. Please let's goooo up now. What a coincidence, I had a dream very similar to that... Then I had a dream in which I was starving, and the only thing around to eat was a huge marshmallow. I woke up with indigestion, and now I'm very concerned that I'm missing one of my pillows.
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Post by hellojapan on Nov 5, 2012 11:18:59 GMT -8
I am a bit confused. For some reason I thought that the iPad 3 had sold 1.5 million units in its first weekend of availability and thus the 3 million number we got today for the iPad Mini/iPad 4 was excellent. However it seems that the iPad 3 sold 3 million units in its first weekend of availability. Would that not make today's numbers a little disappointing?
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Post by lovemyipad on Nov 5, 2012 11:22:42 GMT -8
ROFL on the dreams!!!
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Post by tradermac on Nov 5, 2012 11:29:20 GMT -8
I am a bit confused. For some reason I thought that the iPad 3 had sold 1.5 million units in its first weekend of availability and thus the 3 million number we got today for the iPad Mini/iPad 4 was excellent. However it seems that the iPad 3 sold 3 million units in its first weekend of availability. Would that not make today's numbers a little disappointing? I think they are comparing wifi only models. The ipad 3 wifi only sold 1.5m on its opening weekend thus making today's 3m a very nice beat. Apples to Apples
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Post by wraithyouth on Nov 5, 2012 11:32:12 GMT -8
The iPad 3 launch was Wi-Fi only and cellular models at once. The numbers released for this launch so far are Wi-Fi only. Comparing Wi-Fi sales to Wi-Fi sales, this launch doubled the last one, hence good news. Edit: Of course my first post ever would get ninja'd. I am a bit confused. For some reason I thought that the iPad 3 had sold 1.5 million units in its first weekend of availability and thus the 3 million number we got today for the iPad Mini/iPad 4 was excellent. However it seems that the iPad 3 sold 3 million units in its first weekend of availability. Would that not make today's numbers a little disappointing?
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Post by hellojapan on Nov 5, 2012 11:38:14 GMT -8
Thanks for the clarification.
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Post by rob_london on Nov 5, 2012 11:47:35 GMT -8
Horace Dediu: "On launch, iPads are selling as fast as Windows 8 upgrades" "Analyst Ming-Chi Kuo of KGI Securities: Apple expected to ship 850K iPad minis in first week of sales".
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Post by terps530 on Nov 5, 2012 11:54:31 GMT -8
The iPad 3 launch was Wi-Fi only and cellular models at once. The numbers released for this launch so far are Wi-Fi only. Comparing Wi-Fi sales to Wi-Fi sales, this launch doubled the last one, hence good news. Edit: Of course my first post ever would get ninja'd. Anyone using ninja as a verb in their first post makes me happy Welcome!
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Post by rutgersguy92 on Nov 5, 2012 12:06:16 GMT -8
This thing has showed some life here in the second half, not sure if it's dividend capture or the bulls setting up for a last minute surge to get above the 200-day EMA.
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Mav
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Post by Mav on Nov 5, 2012 12:50:54 GMT -8
Solid market outperformance day so far. 577 tested but AAPL didn't get all that close to 575.
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Post by lance on Nov 5, 2012 12:51:15 GMT -8
AAPL has not closed strong in a long time. Hopefully it is closes near or at day high. We are still while away from being back to trending steady up but it is nice to see a green day. Lets hope tomorrow is up as well and we get above the 200 day SMA.
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Post by rutgersguy92 on Nov 5, 2012 12:54:08 GMT -8
This could be the hammer forming.
200-day ema at around 582.
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Post by rutgersguy92 on Nov 5, 2012 12:55:58 GMT -8
Five minutes to the close. Everybody buy some shares to get this over 586.
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Post by rob_london on Nov 5, 2012 12:56:47 GMT -8
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Mav
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Post by Mav on Nov 5, 2012 13:00:32 GMT -8
Not bad, not bad.
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Post by rutgersguy92 on Nov 5, 2012 13:00:53 GMT -8
Five minutes to the close. Everybody buy some shares to get this over 586. Closed at 584.80. Scott Redler tweeted that if it closes over 584, he will keep his shares overnight. So we have that going for us.
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