tag:blogger.com,1999:blog-19713238.post3535045349764008702..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Apple Inc. (AAPL) Correction In PlayTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19713238.post-8693777335720354182012-10-10T23:21:46.470-04:002012-10-10T23:21:46.470-04:00I'm drawing my AAPL fibs from the breakout poi...I'm drawing my AAPL fibs from the breakout point. AAPL formed a cup and small handle at the baseline and then it went straight up. That anchor stays the same unless we blow way past the 23.6% target. <br /><br />After we reached the the 23.6% target AAPL traded slightly higher, not a blow out, so we use the same anchor and stretch to the new high, to give us the new ambush zone.<br /><br />The $623 level that resulted in a bounce yesterday was a little more than half way back from the most recent highs to the $567.70 level I have indicated as the 50% support zone. In other words, if you place fibs from 567.70 to 705.07, you'll see we bounced from a normal fib low to high.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-62229543887438945882012-10-10T20:40:00.163-04:002012-10-10T20:40:00.163-04:00Thanks for sharing the AAPL post.
AAPL is a mess ...Thanks for sharing the AAPL post.<br /><br />AAPL is a mess right now.<br />What is the technical support zone for AAPL ? The stock bounced back from 623 (close to 100DMA) and has held well. <br />Also,why are you considering a whole year's worth of data for your fib levels ? <br /><br />Thanks in advance.Anonymousnoreply@blogger.com