tag:blogger.com,1999:blog-19713238.post3127034922681113735..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Apple Inc. (AAPL) Ambush In PlayTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-19713238.post-17226681651894574772012-11-08T10:15:07.184-05:002012-11-08T10:15:07.184-05:00535 the line in the sand.. seems to be disappearin...535 the line in the sand.. seems to be disappearing soon. Jamie, what next ? Thanks for all your wonderful insights.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19713238.post-71676170611431024872012-11-07T11:33:02.728-05:002012-11-07T11:33:02.728-05:00Yeah, looks like buyers are staying on the sidelin...Yeah, looks like buyers are staying on the sidelines today. Supports are broken on the US markets. Things could get pretty ugly.<br /><br />AAPL briefly paused at $567, but fell through too.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-17960916992427267152012-11-07T10:30:33.453-05:002012-11-07T10:30:33.453-05:00Jamie,your 567 target hit and more. Hope this is t...Jamie,your 567 target hit and more. Hope this is the end of the selling on AAPL. Quite an ugly day today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19713238.post-43149163766525034872012-11-06T15:44:53.063-05:002012-11-06T15:44:53.063-05:00Nicely said, Jamie.
I see a descending triangle in...Nicely said, Jamie.<br />I see a descending triangle in AAPL from 652 until 682. Is that valid ? If so, we should see a breakout of the DT line which is the upper line of the descending triangle. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19713238.post-67364298763850823692012-11-06T08:22:09.936-05:002012-11-06T08:22:09.936-05:00Negative divergence of RSI and MACD signals short-...Negative divergence of RSI and MACD signals short-term top on the daily timeframe, but since we also see it prominently on the weekly timeframe for AAPL, it could signal a longer term top and more severe correction.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-33509746962161906652012-11-06T03:33:10.700-05:002012-11-06T03:33:10.700-05:00Very well said. You keep mentioning the RSI negati...Very well said. You keep mentioning the RSI negative divergence when stock reached 705. Stock has dropped ~18%. How much can one expect the price to correct when a RSI neg divergence occurs ? How do you analyse this ? Thanks for your explanation.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19713238.post-5339972807223093762012-11-05T23:09:51.627-05:002012-11-05T23:09:51.627-05:00Hi,
Yes, it is critical that AAPL regain its 200 ...Hi,<br /><br />Yes, it is critical that AAPL regain its 200 DMA. A death cross (50/200) is also possible if AAPL doesn't get a decent bounce from the ambush. On the weekly timeframe, I look at the 40 MA as in 40 weeks = 200 days. I suspect most of the hedge fund guys use Fibs and the daily 50/200 MAs. The HFT use fibs. <br /><br />The strength of the bounce will give a clearer picture for AAPL. Up until now, AAPL has been a self propelling story and it did not need a market rally to make its way higher. But recent stumbles have resulted in profit taking. <br /><br />I'm not counting on a post election rally. We need stronger economic data and less stimulus to keep the rally moving substantially higher.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-15168059165303048592012-11-05T14:04:18.451-05:002012-11-05T14:04:18.451-05:00Jamie, do you look at weekly MAs too ? AAPL 50WMA ...Jamie, do you look at weekly MAs too ? AAPL 50WMA is at 559 something. Big traders have to be looking at this number, I would think.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19713238.post-88018919675384987382012-11-05T11:17:11.364-05:002012-11-05T11:17:11.364-05:00Hi Jamie, seems like 200 DMA could prove to be a h...Hi Jamie, seems like 200 DMA could prove to be a heavy rejection for AAPL unless there is a heavy volume to support this. It has bounced well from the 570 level this morning pre-trading hours. Do you think, a retrace to 620 level is possible with a post election rally?<br />Anonymousnoreply@blogger.com