Jump to content



Photo

Rally


  • Please log in to reply
3 replies to this topic

#1 tommyt

tommyt

    Member

  • Traders-Talk User
  • 5,136 posts

Posted 09 December 2018 - 01:17 PM

Barring a trade truce, the NAZ will not have any meaningful rally until AAPL puts a low in. It was overowned, had almost nothing but "buy" ratings, in many funds, and its biz is slowing. It looks like its in the straight down phase for now, and maybe a big gap down on news is what it takes to finish the flush for now:

 

https://stockcharts....id=p0596593441c



#2 kaiser soze

kaiser soze

    Member

  • Traders-Talk User
  • 884 posts

Posted 09 December 2018 - 01:49 PM

Your chart of AAPL shows five waves down with a third wave that clearly subdivided into five waves of lesser degree.  The fifth wave down may not have completed, but if it has, a monster rally could ensue.



#3 tommyt

tommyt

    Member

  • Traders-Talk User
  • 5,136 posts

Posted 11 December 2018 - 12:43 AM

AAPL went to a new low in the move, then reversed on volume. Nice ST setup for knife catchers on the long side now...with a benchmark:

 

https://stockcharts....id=p2766877673c



#4 kaiser soze

kaiser soze

    Member

  • Traders-Talk User
  • 884 posts

Posted 11 December 2018 - 01:25 AM

In spite of the high volume reversal and pos divergences, I did not like the intraday action in AAPL.  Fifth wave down might still be in progress.