Mav
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Post by Mav on Oct 2, 2012 16:14:39 GMT -8
Thanks, Phoebear!
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Post by lovemyipad on Oct 2, 2012 16:15:42 GMT -8
For anyone with mediocre TA skills who has been on the fence about a bullish cross subscription, it's days like today that are particularly fascinating to follow over there. I would love to get a subscription, but as a recently graduated student, the yearly fees would cover about 10% of my portfolio. That's too much for me, even if it is great advice. Read the stuff in AAPL Technicals and AAPL Trading on a regular basis, and you'll learn a whole lot for free.
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Mav
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Post by Mav on Oct 2, 2012 16:17:36 GMT -8
For context, iPad's fine with the paid types, of which there are several respectable ones.
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Post by rosie on Oct 2, 2012 16:32:18 GMT -8
BTW - the new phone seems somewhat tame and evolutionary out of the box - then after about 24 hours of use and in typical AAPL fashion - your old 4 phone seems heavy, slow, dumb and just not nearly as cool in comparison +1 my thoughts exactly. I agree completely and that is exactly what happened when I went from iPad2 to the new one....visually the difference is remarkable.
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Post by Rupert on Oct 2, 2012 16:55:51 GMT -8
Bought the Freakin' Dip today, 150 shares @655, our first purchase since FEB08. Special thanks to Rupert for his daily Resistance/Support chart. Had a limit order in at 650 for a couple weeks; when AAPL dipped below 660, I noted the resistance at 601 and change for both the Fib and Pivot Point numbers, so upped the limit to 655, not wanting to cut it too close. Would have missed it by less than a buck otherwise. Who knows, could be one more dip tomorrow, but I am glad to have caught it today. Thanks, glad it helped ;D
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Post by lovemyipad on Oct 2, 2012 16:56:06 GMT -8
For context, iPad's fine with the paid types, of which there are several respectable ones. Oh, yes, definitely! I pay or have paid for these (all highly recommended): Andy Zaky's Bullish Cross Corey Rosenbloom's "Afraid to Trade" Cobra's Marketplace Avi Gilburt's Elliott Wave Trader Dan Fitzpatrick's Stock Market Mentor Jason Schwarz
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Post by rutgersguy92 on Oct 2, 2012 17:11:56 GMT -8
OPEX looking like we don't get past 675 this week; since it's only Tuesday, this can change, but we need some help: aaplpain.com/?page_id=32
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Post by rickag on Oct 2, 2012 17:20:38 GMT -8
Well I do see technical analysts drawing resistance and support lines across multiple highs and lows respectively and I'd bet if you manipulate Fibinacci (sp?) lines enough one of the retracement lines would be in the $680 area. Easier said than done. Fibs are all about proportions. Kinda analogous to the size of someone's hand in proportion to an arm, or just a forearm, or even a face, or feet, etc. No matter how you slice and dice, a move will still be proportionate with other moves, so you're looking for areas of confluence -- levels that show up using multiple start/end points. I was remembering your post about Fibinacci values in the chart thread yesterday that had $682.17 at the start of the downtrend. This might not apply here but then again I am just learning. aaplfinance.proboards.com/index.cgi?action=gotopost&board=technicals&thread=3&post=4071I don't know if I linked to your post correctly, it was reply #233 @ 7:06pm
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Post by lovemyipad on Oct 2, 2012 17:44:44 GMT -8
Yes, you got it right! No, I meant "manipulating Fibs" was easier said than done...you tend to get the same levels no matter how you slice and dice...because it's all proportional.
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Mav
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Post by Mav on Oct 2, 2012 17:46:44 GMT -8
674.99 would be jussssst fine for my new trade.
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Post by lovemyipad on Oct 2, 2012 17:46:45 GMT -8
Bought the Freakin' Dip today, 150 shares @655, our first purchase since FEB08. Special thanks to Rupert for his daily Resistance/Support chart. Had a limit order in at 650 for a couple weeks; when AAPL dipped below 660, I noted the resistance at 601 and change for both the Fib and Pivot Point numbers, so upped the limit to 655, not wanting to cut it too close. Would have missed it by less than a buck otherwise. Who knows, could be one more dip tomorrow, but I am glad to have caught it today. Thanks, glad it helped ;D HOORAY!!!!! I'm glad Rupert's resistance/support charts helped too!!!!!! Thanks, Rupert and congrats, chinacat!!
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Mav
Member
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Post by Mav on Oct 2, 2012 17:47:14 GMT -8
Manipulating Fibs? "Fibbing"?
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Post by rickag on Oct 2, 2012 17:51:12 GMT -8
Yes, you got it right! No, I meant "manipulating Fibs" was easier said than done...you tend to get the same levels no matter how you slice and dice...because it's all proportional. I love this board. The information here is invaluable and well fun. Learning is the unintentional side benefit.
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Post by rickag on Oct 2, 2012 17:53:32 GMT -8
Manipulating Fibs? "Fibbing"? LOL
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Post by rosie on Oct 2, 2012 17:56:47 GMT -8
Manipulating Fibs? "Fibbing"? LOL +1 I love it!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Oct 2, 2012 18:15:29 GMT -8
Sorry to interrupt the chicken entrails discussion, but pain range dropped again, to 655-659.99: Strike | Calls | Puts | 640 | 956 | 9,492 | 645 | 1,827 | 7,016 | 650 | 4,135 | 9,282 | 655 | 5,249 | 7,840 | 660 | 7,601 | 6,668 | 665 | 8,217 | 4,407 | 670 | 11,662 | 4,667 | 675 | 11,394 | 4,410 | 680 | 12,546 | 2,937 | | 685 | 10,751 | 1,446 |
Those 660's puts could go up, but we are currently experiencing a rather high LJX (Lemming Jump Index).
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Post by dennyhil on Oct 2, 2012 18:27:21 GMT -8
The quality of this board has dramatically improved since the move.. I'm not sure how or why, don't care really, but it's noticeable.. I've been coming here daily just to read the daily action and learn.. I was buried at work today, therefore I couldn't watch the close like I usually do. When I saw the volume and the 10 pt swing, I came here to check the thread. It's like reading a play by play sporting event.. Much thanks to all the great people that post and participate.
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Post by macziggy on Oct 2, 2012 18:57:43 GMT -8
For anyone with mediocre TA skills who has been on the fence about a bullish cross subscription, it's days like today that are particularly fascinating to follow over there. I thought about a subscription but $2K a year can almost buy three shares. Does Zaky tell exactly what trades he makes when? I always think of Zaky's Bullish Cross as more of an educational experience, rather than a pure stock trading service. So, if you think of it as a $2000/year course on technical trading, it's worth it. He constantly breaks down how AAPL is performing and notes all the technical aspects of it. I have learned a lot from him. He does not list all of his trades but just the "official" ones that he recommends for Bullish Cross, at most, a handful or two a month, including SPY. He has a hedge fund that he runs but he doesn't post the trades for that. Also, much of his reasoning for AAPL last year was based on AAPL's historical performance, something that has largely changed this year. For instance, he missed the parabolic run earlier this year completely, favoring a series of put-spreads during that run, because it largely didn't fit into an historical perspective. Ultimately, the trades you chose to make should come from your own experience. Zaky's site is one way to gain experience, but the technical portions of this AAPL Finance Board website are really good as well. Lots of wonderful people here share their knowledge every day and answer lots of questions.
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Post by mbeauch on Oct 2, 2012 19:30:52 GMT -8
JD, those are some pretty high Call volumes when everything looks like crap. For me, I won't be able to exhale until AAPL clears 683. As it stands now, just getting over 670 will be a struggle.
Also JD, who is the guy who tweeted that? Why would he matter? He did not get a reply.
Lovey, how wide do you think the right shoulder needs to be?
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Post by mbeauch on Oct 2, 2012 19:52:06 GMT -8
Board awfully slow to respond tonight, Lovey, you got the wrenches out again. ;D
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Oct 2, 2012 20:03:48 GMT -8
JD, those are some pretty high Call volumes when everything looks like crap. Yes, the option action is actually quite bullish. But we know what that means, EO's taking scalps. Travis just tweeted, "$aapl could fall to $0.00 and it would never trade more puts " That was his polite way of calling retail option investors dumb bunnies. Actually, he did get a re-tweet - by Jim Dalrymple. Why do you think would Dalrymple re-tweet a guy asking how he is liking his black, anodized IPad Mini demo unit? Pretty subtle? Yep.
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Post by sponge on Oct 2, 2012 20:16:28 GMT -8
This was from Dairymple's page today.
It’ll be interesting to see how this trend is affected if and when Apple introduces the oft-rumored iPad mini.
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