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Post by aapl4kiki on Aug 21, 2013 13:03:35 GMT -8
Mav: Pretty soon you will be just talking to yourself... Wait, that's not already happening?
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Mav
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Post by Mav on Aug 21, 2013 13:09:22 GMT -8
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Post by artman1033 on Aug 21, 2013 13:28:09 GMT -8
HPQ, BBY, & WMT sales down for quarter......
Hmmmmmmm....
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Post by Deleted on Aug 21, 2013 13:28:42 GMT -8
Good day for AAPL. HPQ getting heavy selling in AH after its conference call - Meg Whitman said due to poor performance in PC & Servers that FY2014 growth is "unlikely" Mav, maybe now is a good time to buy some more MSFT puts
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Mav
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Post by Mav on Aug 21, 2013 13:36:12 GMT -8
Hate on Mav day. ;D
just had to bring up MSFT that's cold man
On a more serious note, wasn't watching em but BBY, HPQ are pretty good examples of companies having more than a few issues.
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Post by lovemyipad on Aug 21, 2013 14:27:57 GMT -8
I post all of my trades. I post all of my predictions. I've been saying for weeks that once we got above 465 we'd see 484 then 514 quickly. That's EXACTLY what happened. I said last week and all weekend that we'd close the gap to 514 and then retrace. I was off by less than 1.5 points. Now I'm saying retrace to upper 470s/low 490s. You can choose if you want to believe that or not. So how does this square with TA not being predictive? Seems to me this shows that the proponents don't actually agree on what it does or does not do. EW = predictive Doc's an EW guy. He uses TA as well, but Doc's forecasts are from EW.
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Post by rickag on Aug 21, 2013 15:08:15 GMT -8
So how does this square with TA not being predictive? Seems to me this shows that the proponents don't actually agree on what it does or does not do. EW = predictive Doc's an EW guy. He uses TA as well, but Doc's forecasts are from EW. I thought EW only predicted levels not so much direction. Pardon this question from an uneducated noob, or boob if you will Edit spelling, now I can't even spell, sucks getting old and senile.
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Post by PikesPique on Aug 21, 2013 15:36:40 GMT -8
It does predict direction. In fact, it usually predicts two. If it's going UP, it'll probably get to here (or here or here), but if it's going DOWN, it'll probably go to there (or there or there).
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Post by lovemyipad on Aug 21, 2013 16:23:36 GMT -8
PikesPique, exactly!!
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Post by lovemyipad on Aug 21, 2013 16:24:14 GMT -8
For anyone who doesn't follow the broader markets: FUGLY.
Don't know what (if anything) this means for the fruit... Stay tuned...
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Post by phoebear611 on Aug 21, 2013 16:51:36 GMT -8
For anyone who doesn't follow the broader markets: FUGLY. Don't know what (if anything) this means for the fruit... Stay tuned... In the past - AAPL has gone against the direction of the overall market both on the way up and on the way down....so let's hope it continues on that path here.
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Mav
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Post by Mav on Aug 21, 2013 16:54:28 GMT -8
I HOPE fugly. (Sorry, currently betting in a semi-net-short fashion, and definitely net short on the SPY.)
Except for me going long on IBM. WTH am I thinking.
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Post by phoebear611 on Aug 21, 2013 18:06:48 GMT -8
HSBC China Flash Manufacturing PMI for August: 50.5 (vs 48.2 expected) Hopefully a little green sprout to bring into tomorrow's trading session.
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Post by appledoc on Aug 21, 2013 18:07:20 GMT -8
EW = predictive Doc's an EW guy. He uses TA as well, but Doc's forecasts are from EW. I thought EW only predicted levels not so much direction. Pardon this question from an uneducated noob, or boob if you will Edit spelling, now I can't even spell, sucks getting old and senile. It's a series of IF/THEN scenarios. I just boil it down to what I think will happen. Right now we're either retracing the move from 410 or 454. I lean heavily toward 454, meaning we likely end up somewhere 476-490. After that I see us taking out 550. Time frame? Mid to late September. Perfect for a iPhone announcement/launch surge.
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Post by phoebear611 on Aug 21, 2013 18:21:29 GMT -8
So what happens if it doesn't trade below $500. Is your count invalidated?...and it means something else?
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Mav
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Post by Mav on Aug 21, 2013 18:29:17 GMT -8
I wouldn't call 50.1 any great victory per the HSBC estimate, but it's better than <50 I guess.
Futures are kind of shrugging it off right now though, IMHO because tapering is the hot topic du jour, or something like that.
"The market hates uncertainty", the market thinks tapering's happening, the EO-type tinfoil theory that the market's gonna throw a "taper tantrum" (I love that one, btw ;D) to try and "scare off" the Fed from taking away its candy? Take your pick.
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Post by phoebear611 on Aug 21, 2013 18:50:05 GMT -8
Maybe - given how split the Fed is- they may do a "taper-lite" and see how the market digests it. I think this reaction to the Fed minutes and/or tapering is somewhat overblown and already a bit in the market but right now I am exhausted so I am going to bed. Ciao.
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Post by nagrani on Aug 21, 2013 18:54:51 GMT -8
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Mav
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Post by Mav on Aug 21, 2013 18:56:27 GMT -8
later dude. Cya on Twitter
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