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Post by phoebear611 on Jan 4, 2013 2:51:12 GMT -8
Good morning...AAPL slightly green in PM. I know you are all expecting the gap fill at 535 today but I will be contrarian and say the Fed comments were actually positive and that the number this morning (jobs) will be good ... and we get a rally today. I'm feeling like 2013 is going to be a great year for us...just sayin
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Post by phoebear611 on Jan 4, 2013 2:57:16 GMT -8
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Post by phoebear611 on Jan 4, 2013 2:58:53 GMT -8
Redler this morning: "AAPL holding onto the gap by a thread. It needs to stay above or close above $541-$542 to keep some positive composure."
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Post by rob_london on Jan 4, 2013 3:14:03 GMT -8
It would be great to break the sequence of five red Fridays for AAPL.
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Post by Tan on Jan 4, 2013 4:22:53 GMT -8
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Post by lovemyipad on Jan 4, 2013 5:42:16 GMT -8
Gap down with a green close would be very bullish. Let's see.
Highest OI for calls is 550 (11K); second-highest is 540 (8K). Puts tied at 540 and 500 (6K). As close as possible to 540 would kill aforementioned calls and puts.
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Mav
Member
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Post by Mav on Jan 4, 2013 6:25:12 GMT -8
540 close not as bullish...
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Post by mbeauch on Jan 4, 2013 6:30:17 GMT -8
Gap down with a green close would be very bullish. Let's see. Highest OI for calls is 550 (11K); second-highest is 540 (8K). Puts tied at 540 and 500 (6K). As close as possible to 540 would kill aforementioned calls and puts. Got a bad feeling
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Post by appledoc on Jan 4, 2013 6:30:41 GMT -8
Let's see where the gap down at the open takes us. Ironically below 534.90 could paint an even more bullish EW picture.
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Post by rob_london on Jan 4, 2013 6:31:48 GMT -8
Gap almost filled.
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Post by artman1033 on Jan 4, 2013 6:38:39 GMT -8
Got a bad feeling I FEEL neither good or bad. Simply bewildered. Who knows, it may be just the holiday week. OTOH: I just saw this:Friday, January 4, 9:29 AM Apple (AAPL) -1% after Deutsche's Japanese team writes supply chain activity suggests a 30%+ Q/Q drop in iPhone 5 production for the March quarter. UBS, Jefferies, and other have already cautioned iPhone production is set to fall sharply this quarter, thus some bad news on this front appears to be baked in. CRUS -1.2%. I think Peter will suggest a 20% sequential drop in iPhone sales. That would be normal following the Holiday quarter. As I recall, the China iPhone carriers overloaded with iPhones by the end of December 2011. The channel inventory in China was too high.(Please note, I am trying to use ANALyst lingo)
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Post by terps530 on Jan 4, 2013 6:44:58 GMT -8
I'm devil's advocating my own thoughts: So every single (or 99%) other equity, SPY, etc, has this same gap up that *needs to be filled*. Yet none of them are rushing to fill it the way Aapl is. So either, a) Aapl is in a rush to fill it so that it can forget about it and get back to climbing from here. b) we are all being hopeful fools and are making an excuse for giving up the gains so quickly, when in actuality our performance is back to being an F since this two day fiscal cliff rally.
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Mav
Member
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Posts: 10,784
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Post by Mav on Jan 4, 2013 6:46:51 GMT -8
Gap at 532ish, right?
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Post by mbeauch on Jan 4, 2013 6:50:10 GMT -8
I can not believe they took us to 535.31 and the high 2 days ago was 535.30. WTH? OK, now it show 535.29. The gap is filled, can we please move up. I am begging.
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Post by Lstream on Jan 4, 2013 6:51:52 GMT -8
I'm devil's advocating my own thoughts: So every single (or 99%) other equity, SPY, etc, has this same gap up that *needs to be filled*. Yet none of them are rushing to fill it the way Aapl is. So either, a) Aapl is in a rush to fill it so that it can forget about it and get back to climbing from here. b) we are all being hopeful fools and are making an excuse for giving up the gains so quickly, when in actuality our performance is back to being an F since this two day fiscal cliff rally. I am kind of in the (b) camp. The stock is clearly still sick. Not the company, but the stock. And now we have one less explanation - capital gain tax induced selling is over. Good point on the other 99% not rushing to fill gaps.
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Post by terps530 on Jan 4, 2013 6:52:19 GMT -8
I can not believe they took us to 535.31 and the high 2 days ago was 535.30. WTH? on TD the low says 535.29 lol
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Post by tuffett on Jan 4, 2013 6:54:59 GMT -8
Quickly losing confidence in any rally until and unless earnings is a blowout. As terps said, this gap is not AAPL specific, so the fact that AAPL is once again underperforming the market even after the tax excuse can no longer be used is worrisome. I thought all the weak hands were out now.
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Post by Rupert on Jan 4, 2013 6:58:24 GMT -8
Resistance/Support Friday 01/04/2013
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Post by ibuyer on Jan 4, 2013 7:00:02 GMT -8
Please ISM be strong, pretty please.
AAPL rise above 538 and red dog reversal day... test and reject the gap.
only hoping... will know in minutes
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Post by mbeauch on Jan 4, 2013 7:03:58 GMT -8
UGH. AAPL, you break my heart.
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Post by mbeauch on Jan 4, 2013 7:06:52 GMT -8
Please ISM be strong, pretty please. AAPL rise above 538 and red dog reversal day... test and reject the gap. only hoping... will know in minutes Good number, not that it matters.
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Post by fas550 on Jan 4, 2013 7:07:14 GMT -8
Quickly losing confidence in any rally until and unless earnings is a blowout. As terps said, this gap is not AAPL specific, so the fact that AAPL is once again underperforming the market even after the tax excuse can no longer be used is worrisome. I thought all the weak hands were out now. +1. Just sucks but is is only 10am (that could either be bad or good). Anyone care to call the close?
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Post by lance on Jan 4, 2013 7:09:09 GMT -8
Downtrend continues... wake me up when AAPL is above 600. It is waste of time trying to make sense of this crap. The odd thing is the media makes it seem like AAPL has to meet huge expectations on these earnings and have to blow out, yet the stock price is indicates that expectations have never been so low. IE AAPL trading at recession (2008-2009) levels.
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Post by macwire on Jan 4, 2013 7:11:18 GMT -8
GODDAMN IT. FUCK.
Just needed to get it out.
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Post by appledoc on Jan 4, 2013 7:17:07 GMT -8
Quickly losing confidence in any rally until and unless earnings is a blowout. As terps said, this gap is not AAPL specific, so the fact that AAPL is once again underperforming the market even after the tax excuse can no longer be used is worrisome. I thought all the weak hands were out now. +1. Just sucks but is is only 10am (that could either be bad or good). Anyone care to call the close? 540 Monday's close: 555+ Looking at 527.22>516.24 to give more clues. Not saying I think we go to either of those points, just that action around them will be good indications of our direction.
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Post by ibuyer on Jan 4, 2013 7:17:14 GMT -8
GODDAMN IT. FUCK. Just needed to get it out. +1!@#$#@
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Post by mbeauch on Jan 4, 2013 7:17:54 GMT -8
drop $25 from Wednesdays high, give me a damn break. This market is just plain nasty.
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Post by terps530 on Jan 4, 2013 7:19:46 GMT -8
drop $25 from Wednesdays high, give me a damn break. AAPL is just plain nasty. fixed for ya
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Post by tuffett on Jan 4, 2013 7:20:20 GMT -8
Ridiculous. Any gain and sign of momentum is immediately given back. Seems like I'm stuck in a nightmare that keeps repeating itself.
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Post by rob_london on Jan 4, 2013 7:21:39 GMT -8
OK, now let's have a powerful reversal please.
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