yep, I only view this as a short term trade (days). AAPL
still not looking great -- market is pulling AAPL up vs. last June
when AAPL was up off the mat and continued to lead. All this
being said, a 2% bounce in SPX could mean a 5+% bounce in AAPL.
just realize when it does bounce it won't be a straight up move
to happy land with all the short term MA's pointing straight down,
it will have fits and starts and need to form some kind of base etc
before it is ready for a good sustainable move to the upside
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I took some starter longs
Posted by xxnileshxx on 16th of Nov 2012 at 08:48 am
I took some starter longs on soxl, aapl. Looking for snapback
yes, buying some AAPL here
Posted by kalinm on 16th of Nov 2012 at 11:25 am
yes, buying some AAPL here too -- it's a falling knife, but what the heck
AAPL has a gap around
Posted by hamvestor on 16th of Nov 2012 at 11:39 am
AAPL has a gap around 428. It's a long shot perhaps, but that's where I have a GTC buy order.
watch for a potential IHS
Posted by kalinm on 16th of Nov 2012 at 12:34 pm
watch for a potential IHS pattern on AAPL with 532.5 neckline
It mighjt reach there eventually
Posted by acorn on 16th of Nov 2012 at 11:43 am
But I think we need a dead cat bounce for now to at least 600+
Oh I agree totally, AAPL
Posted by matt on 16th of Nov 2012 at 12:28 pm
Oh I agree totally, AAPL was due for a bounce, nice catch guys!
excellent timing
Posted by roger on 16th of Nov 2012 at 12:30 pm
there's also a 61.8% Fib
Posted by matt on 16th of Nov 2012 at 11:30 am
there's also a 61.8% Fib at roughly 490
AAPL often has reactions of
Posted by kalinm on 16th of Nov 2012 at 11:35 am
AAPL often has reactions of its lower bb which today is at 505.5
yep, I only view this
Posted by kalinm on 16th of Nov 2012 at 12:00 pm
yep, I only view this as a short term trade (days). AAPL still not looking great -- market is pulling AAPL up vs. last June when AAPL was up off the mat and continued to lead. All this being said, a 2% bounce in SPX could mean a 5+% bounce in AAPL.
just realize when it does
Posted by matt on 16th of Nov 2012 at 11:39 am
just realize when it does bounce it won't be a straight up move to happy land with all the short term MA's pointing straight down, it will have fits and starts and need to form some kind of base etc before it is ready for a good sustainable move to the upside