cactiman
Registered: Dec 2011
Posts: 962 |
10-07-12 09:25 PM
Quote from viktor_k67:
You do not have to plat short. But,I would not expect it make another 60% up in the next 9 month as it was done in the past 9 months.
Last correction in May 2012 was 20% down. How far down it will go during the next correction? This stock becomes volatile, which means investors become nervous. They sit on the profit but they did not cash it yet... I think more volatility is coming as more investors going to fix the profit and wait for a correction to buy dip again...
The 424.88 to 361.77 pullback in 2011 (-14.85%), and the 641.25 to 519.95 pullback earlier this year (-18.92%) both took 6 weeks to complete.
But both were subsequently followed by great rallies, from 361.77 to 641.25 (+77.25%), and from 519.95 to 705.07 (+35.60%).
What we're talking about is the next Higher Low in the uptrend.
It has to be above the last Higher Low of 519.95 to work with this chart.
If we average the last 2 pullbacks (-14.85% and -18.92%) we get -16.89%.
Assuming that happens now (it may not, this could just be a small dip like in July) we get: 705.07 (-16.89%) = 585.98.
That works as a new Higher Low.
If next we take the smaller of the last 2 rallies (the first one was kind of big!) and add it to that new Higher Low we get: 585.98 (+35.60%) = 794.59!!
That works for me!
 aapl10052012w.png
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