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Post by lovemyipad on Nov 14, 2012 12:22:52 GMT -8
See Fibs: AAPL 30-MIN CHART:
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Mav
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Post by Mav on Nov 14, 2012 12:52:35 GMT -8
I call that condition "confluenza".
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Post by Mav on Nov 14, 2012 12:55:02 GMT -8
Doorstop pattern? I know that's not an established pattern but I can't help but make the association.
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Post by wheeles on Nov 14, 2012 13:05:52 GMT -8
See Fibs: AAPL 30-MIN CHART: What should we derive from this other than the set of lines closest together are above the current price?
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Post by lovemyipad on Nov 14, 2012 13:22:30 GMT -8
Birdie, just pivot levels from the Fibs...levels the three grids have in common...areas of confluence, or as Mav said "confluenza." 537 --> 532 --> 522
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Post by Mav on Nov 14, 2012 13:27:28 GMT -8
Or Shaken Tree Syndrome
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Post by rickag on Nov 14, 2012 13:53:25 GMT -8
Birdie, just pivot levels from the Fibs...levels the three grids have in common...areas of confluence, or as Mav said "confluenza." 537 --> 532 --> 522 If AAPL is going to $522, just get it over with and let's move on (I believe other posters have expressed this opinion). My last bullets will be fired at that point, not that I want to see the low $520s. It's just that it feels like I keep getting poked in the eye with a stick over and over again.
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Post by lovemyipad on Nov 14, 2012 13:59:59 GMT -8
I hear ya, Rick! Slow bleeds are the worst.
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Mav
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Post by Mav on Nov 14, 2012 14:13:59 GMT -8
We're getting there, or the entire market's gonna go into severe correction.
AAPL's valuation IS helping. Just doesn't feel like it right now.
533-536 will be a key zone tomorrow.
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Mav
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Post by Mav on Nov 14, 2012 14:15:18 GMT -8
30 min chart - bear flag or IHS still in play? Hmm.
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Post by wheeles on Nov 14, 2012 14:47:49 GMT -8
Birdie, just pivot levels from the Fibs...levels the three grids have in common...areas of confluence, or as Mav said "confluenza." 537 --> 532 --> 522 If AAPL is going to $522, just get it over with and let's move on (I believe other posters have expressed this opinion). My last bullets will be fired at that point, not that I want to see the low $520s. It's just that it feels like I keep getting poked in the eye with a stick over and over again. Agreed. I hate it when I see where AAPL is going get my position on, and then takes an eternity to get there.
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Post by lovemyipad on Nov 15, 2012 13:16:25 GMT -8
Confluenza strikes again... AAPL INTRADAY 30-MIN CHART:
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Mav
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Post by Mav on Nov 15, 2012 13:22:16 GMT -8
STILL nothin'.
But if not 515-520, where to...next?
Not at Screamfest August...yet. But I'm not counting it out...
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Post by lovemyipad on Nov 15, 2012 13:47:46 GMT -8
Mav, I'm liking that 2.618...but hey, I've liked plenty of numbers all the way down. Next downside after 515-520 = 500-506, then 485-ish.
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Mav
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Post by Mav on Nov 15, 2012 13:56:58 GMT -8
If 510-515 isn't a STRONG bounce zone...I may have to add a tactical short or two (which may or may not involve a small AAPL hedge given the risk of chasing weakness this far down) in vain hopes of catching a few drops of cash flow.
If AAPL falls too far, the markets will probably start panicking in places. AMZN is looking more and more vulnerable to a sour market mood.
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Post by wheeles on Nov 15, 2012 14:16:12 GMT -8
I honestly thought that today would be it. Perhaps tomorrow as it is monthly OE and a lot of overhead calls are going to go to option oblivion.
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Mav
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Post by Mav on Nov 15, 2012 14:33:31 GMT -8
Maybe Monday? If not by then, none of my core assumptions change (and my AAPL longs continue to decay). And so we check lower level by lower level until it finally stops.
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Post by wheeles on Nov 15, 2012 15:02:10 GMT -8
If 510-515 isn't a STRONG bounce zone...I may have to add a tactical short or two (which may or may not involve a small AAPL hedge given the risk of chasing weakness this far down) in vain hopes of catching a few drops of cash flow. If you are thinking of doing that then, the most obvious downside target is the monthly middle Bollinger, which is at 489.52 as of the close today. If we get there, even briefly, it'll be either this month or early next. So something that pays out below 495 in December may work. That's not a prediction. I'm just picking the most obvious line out there that is sitting below.
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Post by mbeauch on Nov 16, 2012 7:23:07 GMT -8
Mav, I'm liking that 2.618...but hey, I've liked plenty of numbers all the way down. Next downside after 515-520 = 500-506, then 485-ish. I don't like any of them.
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Post by lovemyipad on Nov 16, 2012 10:22:43 GMT -8
38.2% retrace of LOD-HOD. Potential bull flag with measured move to 545. Retrace as low as 61.8% is all still bullish. Below that, NOT. AAPL INTRADAY 5-MIN CHART:
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Mav
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Post by Mav on Nov 16, 2012 12:29:50 GMT -8
Finally..
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Post by lovemyipad on Nov 19, 2012 8:32:58 GMT -8
Maybe something like this...? AAPL INTRADAY 5-MIN CHART:
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Post by lovemyipad on Nov 19, 2012 9:28:50 GMT -8
Mav's IHS update... AAPL INTRADAY 5-MIN CHART:
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Mav
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Post by Mav on Nov 19, 2012 9:29:52 GMT -8
Sorry wheeles, it can't possibly be all machines. Why would they latch onto something as tinfoil as a 2-day IHS?!
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Post by wheeles on Nov 19, 2012 14:47:34 GMT -8
Sorry wheeles, it can't possibly be all machines. Why would they latch onto something as tinfoil as a 2-day IHS?! Why does it matter anyway whether it's machines or not? Machines don't do patterns, they do momentum. They trade off moving averages and bands. Today they were frontrunning all those people scrambling to get back on board AAPL. When everyone is on board and people start taking profits, they will jump on the downside momentum.
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Post by Rupert on Nov 19, 2012 17:32:02 GMT -8
Time For Some Happy Pad Thai Apple Is Back!The Beach Ball has finally headed for the surface (574 and a 13 PE Ratio and 582 which is the 38.2% fib level). It is traveling at such a great rate of momentum, I expect the beach ball to thrust through the surface of the water and hit the 600 area (Huge psychological marker) and the 605 area (50% fib area). The most brutal sell off in Apple history except for the 2008 financial crisis is behind us. It is now in the history books. We will talk about this sell off for years. I will write a synopsis of what it means, but I want to gather my thoughts before I do. In the meantime, give thanks this Thanksgiving. Apple is back. This rally means the negative news cycle ends. No more negative Apple stories; we will start getting really positive news about Apple now. Why? Because the trading desks and the Hedge funds are all long and they will start producing wonderful news about Apple. This virtuous cycle will last until Apple tops out sometime in December or January. I want to give a shout out to the Mutual and Pension Funds. These elephants started buying Apple Friday morning in volume. I saw that. These elephants all jumped in the bathtub at the same time on Friday morning and they created quite a stir. The Hedge Funds and Big Bank Trading desks quickly sensed the elephants presence and responded by going long and covering their shorts at the same time. This caused the vertical lift off you saw today. It was a thing of beauty. I’m still sticking to my 689 by Christmas. Let’s take one day at a time until we get there. I fully expect some kind of pullback or consolidation at the 600-605 area because that is the 50% retracement of this decline and 600 is a Big Psychological number. Remember, Apple will need a rest after rallying for $100 or 50% of it’s decline. The Biggest change will be the shift in the sentiment. I have been hearing positive news about Apple for weeks. None of that positive news has played in the national press. You will now see countless positive stories because we have the Hedge Funds and Banks on our side; not to mention the elephants. Happy Thanksgiving to all from Thailand. I usually take small naps during the market hours as the market opens at 9:30 PM and closes at 4:00 AM. I was so excited tonight I stayed up all night. The sunrise is just starting to lighten the sky here in Southern Thailand. I am going to go for a swim and then I will have my usual breakfast of an egg omelet and Pad Thai. The Pad Thai will be the best tasting Pad Thai I have ever eaten. Congratulations to all you Apple believers and Happy Thanksgiving LINK: nanseninvestments.com/
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Post by lovemyipad on Nov 20, 2012 7:15:04 GMT -8
See Fibs... AAPL INTRADAY 5-MIN CHART:
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Mav
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Post by Mav on Nov 20, 2012 7:21:05 GMT -8
Short-term symmetrical triangle resolved to the upside, as of right now?
(I expect slightly whippy price action today considering yesterday's huge move.)
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Post by Mav on Nov 20, 2012 7:23:09 GMT -8
Wow.
If AAPL holds the 23.6%, that shows power.
Maybe less sustainable short/medium-term, but we'll see.
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Post by mbeauch on Nov 20, 2012 7:58:56 GMT -8
Lovey, I am showing 571.95 as HOD, what gives with the 574?
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