Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 9, 2016 2:28:02 GMT -8
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Post by gtrplyr on Aug 9, 2016 8:41:14 GMT -8
Did everyone go on vacation?
Ok ... gotta start something so ....
I'm not much of a technical trader but I do believe it has an impact so , what are the squiggly lines saying ?
I remember reading that $105 and change was a important level to hit ... we did and seems like we stalled. Any more key numbers to break through ? Any weird patterns ? Dancing Bear formation ? Orange Juice squeeze ? Lurching Moose pattern forming ?
cmon' anything ?
Cheers to the longs ...
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Post by bloodylongaapl on Aug 9, 2016 8:56:55 GMT -8
I'm a complete novice, but I would also like some others' thoughts on TA here so my simplistic half-cents worth...
Other than following a market move I don't see anything standing between us and 110-112 here. At that point though we reach a fairly significant earlier high so could stall. If the price steadies here we will also get SMA20 crossing above SMA200 this week, more good news and the first time in about 12 months. If we do break through 110-112 (though I doubt it will first time), I don't see much holding us back from reaching next step about 118-119.
In case I haven't been clear on this, I'm a total novice so take with a handful of salt. Would welcome views of others.
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Post by mace on Aug 9, 2016 9:36:24 GMT -8
bloodylongaapl,
Sound about right. For those who like maths, $111 is the 1.618 extension of the wave ($88.99 to $101.34). And $121 is the normal length of the impulse started from $88.99.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Aug 9, 2016 10:39:58 GMT -8
Encouraging article about Apple corporate sales. This could could be signifiicant going forward, being both additive and recurring. Much more info at the link in the Investopedia article.
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Post by gtrplyr on Aug 9, 2016 11:26:38 GMT -8
bloodylongaapl, Sound about right. For those who like maths, $111 is the 1.618 extension of the wave ($88.99 to $101.34). And $121 is the normal length of the impulse started from $88.99. So this is EW analysis ? If so, what does it tell you about the next 6 months to a year ? Thanks in advance ....
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Post by Odd-Lot Richard on Aug 9, 2016 12:03:44 GMT -8
bloodylongaapl, Sound about right. For those who like maths, $111 is the 1.618 extension of the wave ($88.99 to $101.34). And $121 is the normal length of the impulse started from $88.99. So this is EW analysis ? If so, what does it tell you about the next 6 months to a year ? Thanks in advance .... IANATA, but 1.618 is phi, the golden ratio, which is the approximate relation between the Fibonacci numbers, so I'm guessing this is Fibonacci analysis. Elliott Waves are based on counts of upswings and downturns.
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Post by mace on Aug 9, 2016 12:58:09 GMT -8
bloodylongaapl, Sound about right. For those who like maths, $111 is the 1.618 extension of the wave ($88.99 to $101.34). And $121 is the normal length of the impulse started from $88.99. So this is EW analysis ? If so, what does it tell you about the next 6 months to a year ? Thanks in advance .... This chart shows the multi-year picture. $180 over 1-3 years.
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Post by mace on Aug 9, 2016 13:11:13 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Aug 9, 2016 14:29:32 GMT -8
Couple of quick stories about the state of electronic payments. Purchased a few items at a local store I regularly patronize, and was asked for ID when I handed over my credit card. Since this had never happened before, I asked what had changed. The clerk said that because they did not have terminals that supported chip cards, they had to accept liability for fraud unless they requested ID for verification.
Then I stopped in at Staples for some ink cartridges and found that they now support Apple Pay. Obviously, I can't speak for the rest of the country, but this was definitely the first time I ran into it in the Boston area at Staples. A quick Touch ID and I was out the door. I made sure the clerk knew I was pleased.
It is truly unbelievable how badly the credit card industry has stepped on its own toes with the chip card fiasco. Current C is just about dead. If vendors have to upgrade their payment hardware anyway, it creates an opening for Apple Pay.
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Post by mace on Aug 9, 2016 17:16:40 GMT -8
Chip card processing is far too slow. I wonder how those big boxes feel during Christmas sale... very long queue. I notice many fast food restaurants have jumped into Pay.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Aug 9, 2016 18:54:33 GMT -8
Chip card processing is far too slow. I wonder how those big boxes feel during Christmas sale... very long queue. I notice many fast food restaurants have jumped into Pay. I'm hoping that online will be the ultimate Apple Pay bonanza. The margins have to quickly accelerate with increased penetration, and the Apple user base are relatively big spenders. With Apple's financial position this is the equivalent of an annuity. Now, naysayers may say that they are still a hit-driven company, but these are the kinds of income streams that enable them to have the patience to produce the next blockbuster; in some ways it is similar to Google's ad biz, but without the creepy privacy issue.
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