If AAPL played out the bull flag pattern (isn't it just the
projection of the flag pole = $35? = 10%?), then that sees AAPL
going to $380. If AAPL goes to $380, then that would probably
drag the Nasdaq 100 up 5% or so, and SP500 up 3-5%? To 1400 -
1430? The risk is well defined -- place a stop at $344 --
that is risking 1% for a possible 10% rise. I can't imagine
the market going up to 1400s with copper lagging like this.
However, banks caught a bid, so who knows?
My "low risk" trade of stopping out at $344 assumes we don't get
another island reversal like last year. Just watching this
thing for now -- don't like the weakness in AAPL vs. the broad
market.
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AAPL bull flag
Posted by kalinm on 10th of May 2011 at 10:27 am
TIght flag at the top of a VERY big bull flag?
If AAPL can break above
Posted by klatuu on 10th of May 2011 at 10:44 am
If AAPL can break above $355 a fib projection has it to $377. A nice move provided it stays above $344 as well.
If AAPL played out the
Posted by kalinm on 10th of May 2011 at 10:48 am
If AAPL played out the bull flag pattern (isn't it just the projection of the flag pole = $35? = 10%?), then that sees AAPL going to $380. If AAPL goes to $380, then that would probably drag the Nasdaq 100 up 5% or so, and SP500 up 3-5%? To 1400 - 1430? The risk is well defined -- place a stop at $344 -- that is risking 1% for a possible 10% rise. I can't imagine the market going up to 1400s with copper lagging like this. However, banks caught a bid, so who knows?
Apple is only 12% of NDX now...
Posted by lessarda on 10th of May 2011 at 11:05 am
so the effect of a 10% rise shouldn't be that great, unless you're thinking of the enthusiasm it could generate.
considering they are scalping
Posted by zach06 on 10th of May 2011 at 11:42 am
IPhones in CHina on the black market...you would think the stock would move higher eventually.
Potential island reversal on AAPL?
Posted by kalinm on 10th of May 2011 at 11:14 am
My "low risk" trade of stopping out at $344 assumes we don't get another island reversal like last year. Just watching this thing for now -- don't like the weakness in AAPL vs. the broad market.