8 replies to this topic

[Dex]

http://blogs.decisio...0120316-cs.html

[SemiBizz]

Well, all we really have to know is when the high is in...

Maybe somebody should take a daily poll on it.

1. High is in, stick a fork in AAPL it is DONE

2. High isn't in yet. More SCORCHES Ahead.


Doesn't look to me like it is done yet.

[jjc]

IMVHO, AAPL is not done yet; Several measures I have take it to May, before the current parab corrects.

[TechMan]

Doesn't look to me like it is done yet.

IMVHO, AAPL is not done yet; Several measures I have take it to May, before the current parab corrects.

Given that a major corporation's never done unless it goes under, I'm assuming you guys aren't talking about the obvious. Therefore, when you echoed each other that AAPL "is not done yet", you must be talking about the immediate trading future such as Monday.

And, since you're calling AAPL to go beyond $600.01 on Monday or sometime next week, would you mind providing technical evidence for my reference so that I may consider buying AAPL at $600 or higher?

[jjc]

Doesn't look to me like it is done yet.

IMVHO, AAPL is not done yet; Several measures I have take it to May, before the current parab corrects.

Given that a major corporation's never done unless it goes under, I'm assuming you guys aren't talking about the obvious. Therefore, when you echoed each other that AAPL "is not done yet", you must be talking about the immediate trading future such as Monday.

And, since you're calling AAPL to go beyond $600.01 on Monday or sometime next week, would you mind providing technical evidence for my reference so that I may consider buying AAPL at $600 or higher?

1) Seldom do parabolics end slowly; If the declines starts it will turn quickly (parabolics as a genetic species). Stringing together consecutive down days is not a problem if you are on the other side of the mountain.

2) Money Flow T, symmetry about overbought conditions in Money Flow Index, leads one to the "Technical" date target
of Mid May.


I'm not claming we will not see more downside on Monday. What I am saying is that in my MVHO there is more to go than
600.01.

[TechMan]

Doesn't look to me like it is done yet.

IMVHO, AAPL is not done yet; Several measures I have take it to May, before the current parab corrects.

Given that a major corporation's never done unless it goes under, I'm assuming you guys aren't talking about the obvious. Therefore, when you echoed each other that AAPL "is not done yet", you must be talking about the immediate trading future such as Monday.

And, since you're calling AAPL to go beyond $600.01 on Monday or sometime next week, would you mind providing technical evidence for my reference so that I may consider buying AAPL at $600 or higher?

1) Seldom do parabolics end slowly; If the declines starts it will turn quickly (parabolics as a genetic species). Stringing together consecutive down days is not a problem if you are on the other side of the mountain.

2) Money Flow T, symmetry about overbought conditions in Money Flow Index, leads one to the "Technical" date target
of Mid May.


I'm not claming we will not see more downside on Monday. What I am saying is that in my MVHO there is more to go than
600.01.

I don’t understand the "technical date target of mid May". Is it a bottom target or a top target? Can you provide charts of your "Money Flow T" or "Money Flow Index" so that I may see the accuracy of their predictive capability?

It may surpass $600.01 sometime in the future, and it may not. I personally don't have a clue. I've only known and identified the VST top on 3/14/2012 and called for the reversal on 3/15/012. It then may regress to a ST top, an IT top, and a LT top. And, it may not. I don't have the super power that some traders here have to see that far into the future, so I can only take it one step at a time. Frankly, I don't even know where we're going to dinner tonight.

The question traders want to know is what happens between now and the future. Does it go straight through $600.01 or detour via mean reversion selloff first. If it's the latter, from a trader's perspective, AAPL is done, for now. Trader may then decide to take the profit and wait or go short. And, when it's "un-done" after the selloff, trader may decide to go long.

A simple "not done yet" provides no tradable information as reference for traders on this "Traders-Talk" forum. Do I stay in cash, go long, or go short between now and that future time, when AAPL is projected by you to surpass $600.01?

Edited by TechMan, 18 March 2012 - 06:11 AM.

[qqqqtrdr]

Apple has surprised me... It does not have a high PE and is a money maker.... The parabolic upward trend can continue higher.... If I take a look at the market ( NYSE ) in general we are at a PE of 16 and companies have raised prices and are doing well, since so far the consumer keeps buying.... Interest rates are also low... Over the last couple of weeks both the market and the dollar has been rising which is positive for continuation of the market.... With that Bonds are falling and commodities are going higher.... Long term this is bad for the market but it could be another 3 to 6 months before we have a correction.... My best guess is that we continue to grind upward and a slow rate..... Barry

[CRUISENAL]

All I see is a retracement to around 540-545 or maybe 510. To me it smells ripe for that but by April I suspect it will punch higher. To where? Maybe 675 to 750. That's if projected Fib levels are met and 600 was a IT top with a pullback coming. I view it much like the NDX and it is likely topping in a EW 3 pattern. So that projects AAPL to get above 600 in the next leg up. But it is going to top out this summer sometime! Would be nice if they did a split of say 10/1, but that would surely drive the price higher with even more buying at a cheaper price.

[jjc]

I don’t understand the "technical date target of mid May". Is it a bottom target or a top target? Can you provide charts of your "Money Flow T" or "Money Flow Index" so that I may see the accuracy of their predictive capability?

It may surpass $600.01 sometime in the future, and it may not. I personally don't have a clue. I've only known and identified the VST top on 3/14/2012 and called for the reversal on 3/15/012. It then may regress to a ST top, an IT top, and a LT top. And, it may not. I don't have the super power that some traders here have to see that far into the future, so I can only take it one step at a time. Frankly, I don't even know where we're going to dinner tonight.

The question traders want to know is what happens between now and the future. Does it go straight through $600.01 or detour via mean reversion selloff first. If it's the latter, from a trader's perspective, AAPL is done, for now. Trader may then decide to take the profit and wait or go short. And, when it's "un-done" after the selloff, trader may decide to go long.

A simple "not done yet" provides no tradable information as reference for traders on this "Traders-Talk" forum. Do I stay in cash, go long, or go short between now and that future time, when AAPL is projected by you to surpass $600.01?

If your looking for "super power" Money Flow Index T's will disappoint you. When Money Flow T's are on they are very accurate (within a day or two); It is tough to give you a quantitative level of confidence to put in them due to the nature of back testing across mutlple equities; I will say that T's in the recent past that have successfully predicted dates increases the likely hood of succesful performance of the current T.

Here is the chart: http://anyoldnameblog.blogspot.com/

One note:
I incorrectly quoted mid may as the target (I was working from memory and confused it with some other dates I'm carrying). The date on the chart is 4/26.

I currently am short APPL stock and long out of the money June calls. I'm expecting a dip in equities into a mid April low, a rise and then fall into a late June low based on a cyclic model although I'm unsure how much AAPL will participate.