Mav
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Post by Mav on Dec 10, 2012 21:40:07 GMT -8
Is Bama Unique or something? (I know, sorry iPad, but, well...)
The "other shoe's" gotta drop before AAPL does. I think it might, but until it does, I'm not projecting anything past 505 (though I'm trying to put together a plan, which includes MORE SHORTING AMZN LOLOL *cough maybe I'm being just a little facetious cough*)
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Post by appledoc on Dec 11, 2012 7:34:17 GMT -8
I should have picked a different career. This is fun.
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Post by bloodylongaapl on Dec 11, 2012 7:38:27 GMT -8
I should have picked a different career. This is fun. Yup it's fun alright..... until it isn't. Sound familiar?
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Post by appledoc on Dec 11, 2012 9:55:16 GMT -8
My head is swirling a bit, but I'm beginning to get a hang of this. I have no idea how to count the waves yet, but I can see a lot of the IF/THEN targets based on the waves I can pick out.
Upside: 548.17 (78.6% retrace of 549.56 to 543.05) > 549.56 > 555.20
Downside: 542.96 (23.6% retrace of 521.58 to 549.56) > 538.51 > oh crap
Correct me if I'm wrong iPad.
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Post by lovemyipad on Dec 11, 2012 13:36:29 GMT -8
appledoc, you got it!!
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Post by lovemyipad on Dec 11, 2012 14:18:01 GMT -8
I was delighted to see fariba (has posted here a few times) show up in Avi's trading room today! I thought: hey! I know you!
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Mav
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Post by Mav on Dec 11, 2012 14:32:39 GMT -8
Why oh crap? 530 has no place in the analysis because it's EW? Confused.
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Post by aapl4kiki on Dec 11, 2012 14:34:38 GMT -8
Why oh crap? 530 has no place in the analysis because it's EW? Confused. If we break below 538.51 it's oh crap, we're going down?
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Post by fariba on Dec 11, 2012 14:48:12 GMT -8
hi everyone. i like avi's forum. a lot of waves and fibs. stock ideas thrown around. i love this place too. i can relax here, take my slippers off and lounge. apple is not a has been. innovation is not at an end. people who are not innovative are the ones saying that apple is over. how can a mind with no imagination and grasp of possibilities know the limits of human mind, of human capabilities, inherent in innovative companies such as apple? listen to the company itself...do not bet against us...apple is a jewel....when i turn my tv on, it is as if i am transported 20-30 years back in time...the question is when will the stock reflect the dream and the possibilities and get backed up by the reality of those products..avi,ipad, fibs elliot wave and candlestick charts may illuminate some timeline. the job has to be done by apple in the end.all in good time. don't despair. stay sharp. hold core position and trade around the swings until the timeline is revealed
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Post by appledoc on Dec 11, 2012 16:25:39 GMT -8
Why oh crap? 530 has no place in the analysis because it's EW? Confused. For the life of me I can't remember the significance of 530. Could you give me a reminder Mav? Re: 538, I'm going to defer to iPad on this. That was my intraday thought, and I don't know if that still holds true, but it looks like she thinks it does.
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Mav
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Post by Mav on Dec 11, 2012 16:30:53 GMT -8
530 is from another land. 527-530 is recent support which isn't EW I gather. So it's "ignored" unless there's a nearby Fib level, right?
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Post by lovemyipad on Dec 11, 2012 16:43:55 GMT -8
I thought "oh, crap" meant you forgot the levels below that!!! LOL!!! Okay, clarification then: NONONO trap door predictions. Just levels to watch. Break one, target next, etc. Downside: 538 --> 531 ---> 526 ---> 518 ---> 513 ---> 506 And yes, we were talking intraday levels. Here's my intraday chart... AAPL-EW INTRADAY 5-MIN CHART: (see blue Fib grid)
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Post by appledoc on Dec 11, 2012 16:44:33 GMT -8
530 is from another land. 527-530 is recent support which isn't EW I gather. So it's "ignored" unless there's a nearby Fib level, right? I think that's a good way to put it. The way I think of EW, and I could be completely off base here, but news and non-EW technical indicators determine sentiment. Sentiment determines direction over the short-term. But EW, which dictates long-term movements, determines how far that sentiment is allowed to carry the stock. So no matter how great the news is, if you're in a corrective phase, you're not going to break out of it until it is time for an impulsive phase. This is so hard to explain, but I hope that helps.
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Post by fariba on Dec 11, 2012 16:45:17 GMT -8
i am nto ipad...but below 538..you have 526,522,518,505,500...let us not go below 500 unless we have to. so far the dbl bottom held. 505,518 and 522 have been good support. so something to be optimistic about
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Post by lovemyipad on Dec 11, 2012 16:48:16 GMT -8
530 is from another land. 527-530 is recent support which isn't EW I gather. So it's "ignored" unless there's a nearby Fib level, right? Mav, since Fibs are part of EW, there's overlap. EW levels are all Fib-based. TA levels (as you know -- YAY!!! So proud of you, did I mention it recently?!?) come from any combo of: Fibs, moving averages, trendlines, bands, and classic pivot points.
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Mav
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Post by Mav on Dec 11, 2012 17:11:27 GMT -8
iPad, did you just get appleMD (all done with the coursework?) to join that EW bandwagon...already?!
That is some dark and fearful power
To go with that evil laugh
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Post by lovemyipad on Dec 11, 2012 17:13:17 GMT -8
LOL! Actually, I'm not really sure of all the AFB-ers lurking on Avi's site with the free trial since they can't post. But I "saw" fariba today when she posted! It's so nice to have new AAPL-EW buds!!!!!!!! I just wish Mace was here to see, but at least now we know he's alive...and sure enough, playing with Diablo as we suspected! ;D
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Post by appledoc on Dec 11, 2012 17:13:29 GMT -8
iPad, did you just get appleMD (all done with the coursework?) to join that EW bandwagon...already?! That is some dark and fearful power To go with that evil laugh Close to done! Graduate in May. Almost done with interview season, and will know where I will be going in March. iPad is a big influence here. I will probably never have the time to dedicate to this as I would like.
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Post by appledoc on Dec 11, 2012 17:15:19 GMT -8
iPad, how does Avi know the 0 point is 310.50?
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Post by lovemyipad on Dec 11, 2012 17:19:57 GMT -8
iPad, how does Avi know the 0 point is 310.50? There's an even Bigger Picture EW chart that starts at the beginning. And of course, there are several alternate counts, as there always are. But for simplicity, we just start where this chunk starts...and consensus (read: Mace who introduced me to EW back at AFB1, well before I ever heard of Avi) puts that at 310. So until it's invalidated, that's my basic assumption. I would like to think that Mace would approve of my uber-bullish AAPL count, which is not (yet) Avi-approved. [insert evil laugh here]
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Mav
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Post by Mav on Dec 11, 2012 17:23:46 GMT -8
Oh great, technicals was bad enough.
If we go all-in EW, I'm not sure how much more I can take.
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Post by appledoc on Dec 11, 2012 17:24:07 GMT -8
iPad, how does Avi know the 0 point is 310.50? There's an even Bigger Picture EW chart that starts at the beginning. And of course, there are several alternate counts, as there always are. But for simplicity, we just start where this chunk starts...and consensus (read: Mace, well before I knew Avi) puts that at 310. So until it's invalidated, that's my basic assumption. Good enough for me! Thank you as always.
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Post by lovemyipad on Dec 11, 2012 17:25:32 GMT -8
LOL, Mav! Just stick with the Fibs part of EW -- the best part! The rest is a headache, and you'll know when you're ready to take that on... appledoc, I've been THOROUGHLY enjoying all your EW-TA-Fib posts lately; so THANK YOU!!!!!!
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Mav
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Post by Mav on Dec 11, 2012 17:26:24 GMT -8
Btw, 317 is the .618 of the macro 78-705 move, so
I know when. NEVAR
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Post by lovemyipad on Dec 11, 2012 17:31:44 GMT -8
Mav, that's kinda interesting in that the whole theory is that the .618 of a future wave projects up to the temporary tops. That's the baseline wave (to 317 in this example) that gives us some way to measure how far the pendulum (of human sentiment) swings one way before swinging the other way. Veeeery interesting....
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Mav
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Post by Mav on Dec 11, 2012 17:32:54 GMT -8
317 is when Apple is in nova IMHO.
And I think you know what I mean by that.
Or, could also be Market Crash 7 or whatever.
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Post by lovemyipad on Dec 11, 2012 17:36:41 GMT -8
Nonono, not at all saying that's our "if we're ever RIMM" target. Saying interesting that 317's in our proportional chain of levels that got us to this point. I remember back when 317-ish was signficant, so it kinda makes sense. Like right now, we have 505 to 595. If it turns out that 505.75 was our bottom, and then there's a good chance that 505 to 595 is our new baseline .618... All the future turning points in this series of waves will be based (some multiple/fraction) of this. Okay, now I'm giving myself a headache. EW really is over my head... It took me a long time to grasp the parts I do know!! Let's go talk about MACD-h or something...
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Post by appledoc on Dec 11, 2012 17:41:22 GMT -8
I'm going way back here: At this point, there are about three categories of scenarios with variations: 1) This is a Wave 4-down, and Wave 5-up is coming (bullish); 2) This is a Wave 2-down, and Wave 3-up is coming (immediate-term bearish, then uber-bullish); 3) This is A-down of a big ABC correction following Waves I through V that topped at 705, and B-up is coming (bearish to uber-bearish) All three of these would have an upwave to *at least* 650-ish following this downwave. But I have a lot of thoughts on this and am going to try to compose them all in a logical fashion. So don't be surprised if you wake up to my craziness in the morning.
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Post by lovemyipad on Dec 11, 2012 17:43:49 GMT -8
appledoc, okay, but just remember, this isn't "natural" for me -- nurture, not nature -- so you will feel it when you begin to leapfrog me. And I look forward to that!!!!!!!
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Post by appledoc on Dec 11, 2012 18:06:50 GMT -8
The one thing I really don't get right now is why wave IV-C is a lower low than wave IV-A. I guess that's allowed?
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