tag:blogger.com,1999:blog-19713238.post5380756419441239494..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Apple Inc. (AAPL) Complete Chart AnalysisTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-19713238.post-10397325727684534362012-12-14T16:09:24.075-05:002012-12-14T16:09:24.075-05:00Its a market maker's delta hedging strategy.. ...Its a market maker's delta hedging strategy.. They make sure calls and puts sold expire worthless. chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-24564478947427609932012-12-14T16:00:13.311-05:002012-12-14T16:00:13.311-05:00I don't trade options, but I can imagine that ...I don't trade options, but I can imagine that the profits on those trades were seriously deflated on the bounce.<br />TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-77846727450548304692012-12-14T15:47:30.219-05:002012-12-14T15:47:30.219-05:00seriously, did you see the sudden surge in the 505...seriously, did you see the sudden surge in the 505 weekly P and 515 weekly call expiring tomorrow<br />chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-54174005088721000132012-12-14T15:39:21.435-05:002012-12-14T15:39:21.435-05:00Looks like the breach of the Nov. low has triggere...Looks like the breach of the Nov. low has triggered some buy programs.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-5688959809799664272012-12-14T15:25:47.334-05:002012-12-14T15:25:47.334-05:00Just breached Nov. low.
Just breached Nov. low.<br />TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-74989234503013318702012-12-14T15:08:28.433-05:002012-12-14T15:08:28.433-05:00Looks like 505 may not hold today..Looks like 505 may not hold today..chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-14002409519860512672012-12-14T14:23:38.149-05:002012-12-14T14:23:38.149-05:00very interesting, its OBAMA !!very interesting, its OBAMA !!chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-90030808095021257452012-12-14T14:19:00.048-05:002012-12-14T14:19:00.048-05:00Oh Ok, but are capital gains taxes fundamental or ...Oh Ok, but are capital gains taxes fundamental or technical? ;)TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-88374036169951265732012-12-14T13:58:36.628-05:002012-12-14T13:58:36.628-05:00Poor AAPL.
Again one reason why technicals and fu...Poor AAPL. <br />Again one reason why technicals and fundamentals cannot be mixed up.chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-9587851658713493862012-12-14T11:55:32.308-05:002012-12-14T11:55:32.308-05:00At this time of year, I'm thinking that all of...At this time of year, I'm thinking that all of the profit takers who wanted to book their capital gains ahead of the fiscal cliff, have already done so. The selling now relates more to tax losses, people who got in too late and have a losses they want to book in fiscal 2012, against other capital gains. This latter group is much smaller, so I expect short-term selling to end soon.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-49913289625944004842012-12-14T11:35:19.454-05:002012-12-14T11:35:19.454-05:00I am hoping so too, but it seems so far away now. ...I am hoping so too, but it seems so far away now. I want to sell a put spread for this week's expiration.chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-23367938465221214662012-12-14T11:23:50.451-05:002012-12-14T11:23:50.451-05:00Change of heart Chin?
I'm still hoping for a ...Change of heart Chin?<br /><br />I'm still hoping for a retest of Nov. lows. That will form a base from which AAPL can trade HWB to ambush zone ahead of the next leg down.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-70822157830642442052012-12-14T10:15:48.769-05:002012-12-14T10:15:48.769-05:00Looks like a straight down to $470 where the 100 W...Looks like a straight down to $470 where the 100 Week MA is.chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-83676417280281240812012-12-12T10:00:24.043-05:002012-12-12T10:00:24.043-05:00Chin,
The inverse H&S pattern you are seeing ...Chin,<br /><br />The inverse H&S pattern you are seeing on the indices is a multi week pattern with targets that take us back to 2012 highs. I believe AAPL will participate when if retraces back to the ambush zone at $605.<br /><br />The AAPL correction is going to continue after that. The NDX and QQQ will lag during AAPL's correction. I ruled out H&S top for AAPL in the sense that I don't think it will correct a full measured move to $300, instead I see it going to $450-$400 based on the FIB retracement.<br /><br />The BAT pattern people are seeing is wishful thinking IMO. TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-26514888719215279682012-12-12T00:46:32.697-05:002012-12-12T00:46:32.697-05:00I am seeing a H&S bottom on NDX, IWM and QQQ. ...I am seeing a H&S bottom on NDX, IWM and QQQ. How would this pan out with AAPL not participating ?<br /><br />I thought you had pretty much ruled out the H&S on AAPL in your last post.<br /><br />I see people mentioning a BAT rather than an H&S on the charts now.<br /><br />chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-78466477488866892802012-12-11T21:11:31.517-05:002012-12-11T21:11:31.517-05:00Hi Chin,
Yes, with AAPL weighing on the QQQ and N...Hi Chin,<br /><br />Yes, with AAPL weighing on the QQQ and NDX, its not surprising to see those charts taking on similar patterns. However, if AAPL retests the November lows before retracing to form a proper right shoulder, it will make a much cleaner setup. At the moment I don't see much enthusiasm from the bulls to jump in.<br /><br />IWM and AAPL charts http://bit.ly/QUxMnOTJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-43600660484522793222012-12-11T13:33:14.265-05:002012-12-11T13:33:14.265-05:00Jamie,
AAPL seems to be bottoming at the 521 leve...Jamie,<br /><br />AAPL seems to be bottoming at the 521 level. A retrace to 605 could be in the cards especially with the iH&S forming on NDX,IWM and QQQ.<br /><br />Would be nice to hear your thoughts on this.<br />chinhttps://www.blogger.com/profile/01607431830780035864noreply@blogger.com