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AAPL bottom?

Started by orange , Feb 24 2011 01:33 PM

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2 replies to this topic

#1 orange

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Posted 24 February 2011 - 01:33 PM

I've posted this Apple chart before.

Normally when selling gets this strong, it bases and starts another move up...Failing to do so would appear bearish longer term.

http://stockcharts.c...&...6&listNum=1

Edit: The image isn't loading ...

http://stockcharts.c...6&listNum=1.png

Edited by orange, 24 February 2011 - 01:35 PM.

"When your position is underwater, average down" - Professional Trader

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#2 GrizzBear

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102 posts

Posted 24 February 2011 - 02:12 PM

I've posted this Apple chart before.

Normally when selling gets this strong, it bases and starts another move up...Failing to do so would appear bearish longer term.

http://stockcharts.c...&...6&listNum=1

Edit: The image isn't loading ...

http://stockcharts.c...6&listNum=1.png

Good chart, just not sure that the times we are in are very "normal" so I am reluctant to add longs. I'm already smarting since it's my largest holding.

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#3 thespookyone

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6,043 posts

Posted 24 February 2011 - 09:27 PM

Not with that structure, imho. In fact, going out on a limb here-I don't think you've seen a VST bottom on AAPL. The Naz and NDX look to me to have more downside work to do here-maybe only intraday tomorrow...

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AAPL bottom?

#1 orange

#2 GrizzBear

#3 thespookyone

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