Originally Posted by
Dr. Dave
From a TA standpoint, it's still doing what it's supposed to do - if I go into work today, I'll post some charts... there's a triple threat of resistance - prices 0.68, 0.69, 0.70... some of which goes back YEARS.... so it's not going to be taken out easily. The pullback point we are at now, is inline to being ok for the moment. Good lord, I haven't updated a lot of these, but geez, you'll laugh, I have "3 tabs" of charts for this guy, so that means at minimum, I have 20 charts, as each holds ten. It's not really going to start chugging though without a positive earnings report, of which, the only one I've seen was the first one. I know you know all this... but at least for siri, there is a lot of anticipation, so while most companies have to not just turn positive EPS, but quarter after quarter increasing EPS before even getting a move, I think Siri will luck out and get moving after the first profitable quarter (but that's all pure speculation - just based on it being in the spotlight for so long). Before aapl moved in 2003, it had a string of great fundamentals - it was the eps king, but just didn't move until late that year.
Anyway, it's sitting exactly on its trendline today... these are those kind of fear days you are actually supposed to buy, lol. Just looking at the price action, a reversal here would be a mini 5 in the wave count. I like that the trendline and 50 sma are parallel. Let's hope it forms a reversal candle today or mon/tues....