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Post by crumbdon on Apr 23, 2014 16:47:22 GMT -5
And, no- I don't buy all the Apple hype. But then, I guess I'm not a fanboy either.
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Post by walnut on Apr 23, 2014 17:42:16 GMT -5
I agree, if I were to bet, won't hold thru tomorrow (and I probably will be betting haha)
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Post by huh on Apr 23, 2014 17:49:10 GMT -5
I'm just disappointed. I've waited for months for AAPL to tag that shoulder test line, but if it hits 568+ tomorrow, that will kill the iH&S for me at least. There are two signs for a H&S that might fail - one is a rounded top/bottom into the final shoulder. The other is a failure to hit the shoulder test line. Here's a chart of that pattern. This is the same neckline I've had drawn since December - I haven't moved it. The neckline sits ~568 at the open tomorrow (upper purple line). Get over that, and then back under it, the iH&S fails. I don't think it will hold over it. Now look at AAPL's high AH's. AAPL longs are excited about the 7/1 split, saying things like "now more people will buy it because it's affordable!". Ummm, that's the point - get retailers to start buying it. And when MM's want you to buy a stock, that's the worst time to do it. GOOG's split worked out real well for them, didn't it? I was finally really bullish on something and the damn MM's gotta take that away.
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Post by jacksrbtr on Apr 23, 2014 20:40:15 GMT -5
AAPL & FB both report earnings tonight. Looks as if AAPL has some more downside yet, and will likely have a negative reaction so long as it stays under 536 today... AAPL trading at 565.01 AH's, up 7.67%. I suck. TA is no match for earnings reports. One can NEVER know what's gonna happen then. So don't beat yourself up so hard brother. There will be plenty chance to pick up some AAPL cheap in this year or next promise.
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