What makes you want to be long AAPL right now? Just asking because I look at the chart right now & don't have a clue, but I sort of suck at trading. The only thing I see that means anything to me is the big reversal/engulfing bar that formed on Tuesday morning. The low of that bar should hold for the time being. So tomorrow I'll guess that we take out today's low, then reverse, and close at 600. (I also like long anything tomorrow because the SPY is still forming a bear flag & doesn't look like it's done going up yet, nice little channel).
So now we've gotten to the point where a single company, who's products are manufactured in Asian sweatshops, is an index in itself? Steve Jobs ( may he RIP) is probably jerkin' off in his grave right now. Unless he is frozen in some cryogenic tomb somewhere. Give me a freakin' break... Facebook IPO is gonna make AAPL look like a penny stock. And make Schmuckerman the world's first Trillionaire. Buy FCBK!!! ( My guess at what the Nas symbol will be...LOL)
EW doesn't say B will go above 644, but looking at the shape of wave A I say it probably will. So it would be a great selling point for the LT longs, and they can reload at the bottom of C. Of course your MMV
What's MMV?? AAPL still forming a channel. Last year the channels lasted 5 months each! We'll see if 575 holds as support.
gettin geyer by the second to think that flamer running stocktwits kicked me out for trying to warn them AAPL was heading for the toilet. their loss. just got at least a triple on my 575 puts , in 7 minutes. annualize that
has anyone noticed that Im never wrong? bet not. that would imply cognitive ability not normally seen here see my GRPN call, and my P call for a reference. This AAPL call was so easy Im embarrassed to take credit (but I will take the money)
Been bumping down on 575 since 11:08 Pacific Time. I think it just broke through at 11:46. Next stop 569.20? We'll see where it closes at 13:00. :eek: