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Post by phoebear611 on Aug 27, 2013 9:48:04 GMT -8
we're getting our bounce here...i think we may be done on the downside
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Post by terps530 on Aug 27, 2013 9:58:49 GMT -8
isnt this the pullback everyone wants before the event hype begins?
risk is a dip to 470s per the technical gurus, but otherwise i think its a strong entry point. looking at spreads as we speak
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Post by mjuarez on Aug 27, 2013 10:20:44 GMT -8
isnt this the pullback everyone wants before the event hype begins? risk is a dip to 470s per the technical gurus, but otherwise i think its a strong entry point. looking at spreads as we speak Same here. This is ~5% off recent highs. I may open a few spreads between today and tomorrow with my much reduced but growing portfolio.
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Post by rickag on Aug 27, 2013 10:52:26 GMT -8
I didn't want this pull back, but thanks to all the more technically minded posters here I planned for it in case it happened. I ended up with 6 free shares of AAPL.
Thank you all for my very modest gain.
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Post by terps530 on Aug 27, 2013 11:40:39 GMT -8
alright i've gone and added a small sept 13 500/510 position, apr'14 550, and jan'15 600.
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Post by phoebear611 on Aug 27, 2013 12:30:01 GMT -8
The 483-485 level is an area that many traders should be very comfortable jumping in and is also the 50% retrace level (fibs). So I guess we'll have to see what tomorrow brings.
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Mav
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Post by Mav on Aug 27, 2013 12:31:37 GMT -8
50% retrace level of...? A sub-uptrend, I can see.
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Post by redinaustin on Aug 27, 2013 12:41:13 GMT -8
CNBC is desperate. They've got dopes that know about auto trade-ins talking about iPhone trade-ins! smh
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Post by PikesPique on Aug 27, 2013 13:26:28 GMT -8
The 483-485 level is an area that many traders should be very comfortable jumping in and is also the 50% retrace level (fibs). So I guess we'll have to see what tomorrow brings. Yep. I've got another open buy order @ 485. Depending on the action tomorrow, I might put a couple more orders in for between 475 to 485. Then I'm done for a while.
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Post by phoebear611 on Aug 27, 2013 14:39:01 GMT -8
I have to believe that if we can grind our way thru this week we'll be ok given that the invites go out and the excitement begins...but this bigger macro picture fueled by the Syrian situation and concerns about another conflict is what hit AAPL today much more than anything else that was bantered about (such as Fed tapering or Congress negotiating with the Oval Office over the debt limit).
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Post by lovemyipad on Aug 27, 2013 14:44:00 GMT -8
The 483-485 level is an area that many traders should be very comfortable jumping in and is also the 50% retrace level (fibs). So I guess we'll have to see what tomorrow brings. +1 Good job, Phoebes!!
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Post by lovemyipad on Aug 27, 2013 14:45:14 GMT -8
50% retrace level of...? A sub-uptrend, I can see. 454.21 to 513.74. Also, daily SMA-20 around there.
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Post by appledoc on Aug 27, 2013 16:40:21 GMT -8
The 483-485 level is an area that many traders should be very comfortable jumping in and is also the 50% retrace level (fibs). So I guess we'll have to see what tomorrow brings. Yep. I've got another open buy order @ 485. Depending on the action tomorrow, I might put a couple more orders in for between 475 to 485. Then I'm done for a while. Love it.
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Mav
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Post by Mav on Aug 27, 2013 17:27:11 GMT -8
Huh? I thought you were targeting the 470s. Something change?
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Post by appledoc on Aug 27, 2013 18:06:00 GMT -8
Huh? I thought you were targeting the 470s. Something change? Can't expect to hit the bottom. Getting in within 2-3% isn't too bad. I'll buy when the MACDh flips again.
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Post by lovemyipad on Aug 27, 2013 19:08:07 GMT -8
Huh? I thought you were targeting the 470s. Something change? Can't expect to hit the bottom. Getting in within 2-3% isn't too bad. I'll buy when the MACDh flips again. Definitely agree the smarter (smartest?) thing is to WAIT for that slope to go positive. Easier said than done. ;D I'm legging bull put spreads to try to keep myself out of trouble.
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Mav
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Post by Mav on Aug 27, 2013 19:43:15 GMT -8
MACD-h went negative, huh. That does make sense considering. (Didn't do my chart check yet)
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