Very good, amazing how it works. Thanks!Quote:
Originally Posted by siriusly_invested
Your 4.17 was a VERY good in, at least in the short term.
I am glad it took this little breather, hopefully it can march forward now.
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Very good, amazing how it works. Thanks!Quote:
Originally Posted by siriusly_invested
Your 4.17 was a VERY good in, at least in the short term.
I am glad it took this little breather, hopefully it can march forward now.
Yes SI, I did mention it a little ways back in the $46-50 range and gave a short term estimate of $70
I think the latest gap will fill....the one around $53ish not so much right now. that will be a run-away gap-up I think for the near future, but who knows for sure ;)Quote:
Originally Posted by siriusly_invested
Hey Bass, good to see you in here. I have to give it to you for that call for DDD to top at 70......looks like that was dead on. I tend to agree the gap at 53 or so may be along time incoming........... but certainly worth waiting for, it would seem.
I need to try to keep my emotions in check as I comment of my planned entry last week into SBUX. If you recall, I had calculated a three-touch at the lower trend line at 54 which coincidentally aligned with a very broad gap, and also was immediately following a Golden Cross. I bit the bullet, followed my intuition and hit on a buy order at 54. Since then it has been gradually creeping uphill, bouncing between 54.30 and 55 plus change. I'm thinking it's going to begin its move up off of that lower trend line soon, and make headway in hopes of that Golden Cross anticipated influence. Anyway, that one so far has been a good test for me.
The other seemingly lucky test happened this morning as you might have read, in which I seemingly called an accurate buy opportunity on ONVO (which happens to be another of those blossomming 3-D printer stocks).
Good to see you. I always enjoy hearing your thoughts and getting your inputs.
Cheers.
For any of you AAPL investors out there, I feel for you. As of the last time I checked AAPL's sp in PM, they are getting killed over their less than postiive earnings announcement. They are red like -50. That's going to leave a mark.
David
I am seeing at least $42 to the low side and up to $55 on the high side if DECK has a breakout to the upside on heavier than average volume. the chart is shaping up nicely so far...
EDIT: The triangle line sits at $40 for today, approx. $39.80 for tomorrow.....it needs to close above the line on heavy volume to confirm the breakout
Attachment 769
Yeah, kind of ugly, glancing at it, looks like opened on trendline, then dropped. I looked at my email, a buddy of mine asked at the end of Dec where I thought it would go with some market turnage, and I estimated near $200, now it doesn't seem as silly.Quote:
Originally Posted by yoda4x4
On the SIRI discussion thread I introduced an opinion that RAD might be approaching a consideration for entry at 1.44, and one indicator I used was the apparent approaching Golden Cross whereby the 50dma ascends the 200dma, and subsiquently my assumed conclusion that when that occurs there usually will be an escallation in the stock price. I have found multiple examples of this Golden Cross phenominum, so I wish to illustrate just one of those (this being FSLR........First Solar) which currently demonstrates why I believe this to be a good reason to take advantage when "Golden Cross" approaches. Please let me confess that I am merely learning to analyze and interpret chart data so I do welcome any comments either supportive or constructive to assist my learning endeavor.
Here is the recent chart of FSLR showing how the sp began it's ascent immediately after formation of the Golden Cross, and ascended from a price of $22.20 to a high of $35.60 within just a few weeks when it contacted the upper trend line and retreated. It now seems headed for the lower trend line where the next buy opportunity could be in the range of $28. If the investor were adhering to the theory of reacting to the "third touch" of the upper and lower trend lines, respectively, it is obvious that such behavior would have yielded nice returns. Here is the chart which bears watching for a possible clue for prosperous reentry.
If AAPL truly is cheap at these current prices, why wouldn't the company use those piles of cash it has on hand to buy back its stock? You'd likely see a $100 pop overnight.
Here is a close-up (5 min chart) of the DECK chart that I am watching for today if there is a breakout to the upside. The green line is the triangle line.....holding right above the line....looking good so far.....just needs a push now with a volume surge to confirm the breakout...
Attachment 772
looks like today might be the day -- sold puts the other day and bought some shares today
Hey Bass, might I take this opportunity to gloat on a bit of fortuitous action as regards my call on SBUX early last week? Recall I was observing a pending three-touch of the lower trend line which coincidentally aligned with a gap at $54, and was immediately following a Golden Cross........ My buy order at $54 filled last Tuesday, and this morning the stock hit $57.27 before backing off a few cents. I'm waiting to see if it wants to slide more, and if so, then I'll take my profits and wait for the next buy opportunity. Otherwise, I'm thinking of a trailing stop to maximize gains if it decides to go higher. Here's a snapshot of a few minutes ago:
I did mention I liked the trade SI....very nice trade!! looks like its near the upper trend/resistance line......watch to see if it bursts through or if you should take profits and buy back at the lower trend line again...either way, again nice trade :)
Quote:
Originally Posted by siriusly_invested
Yep, I decided to try a trailing stop of .75 which would assure me of $2 and change if it decides to slide back to the area of $56. I see that it bounced off of the upper trend line, and after reading they reported a strong Q4 today, decided to go with the trailing stop in hopes it might jump back over $57. This stuff is quite fun when you hit it right every once in a while.:money:
I took a quick peek at AAPL and saw that it's down today, and then quickly looked at the high/low chart to see where support is for it. Based up the chart, it looks like there's no support until 392. That said, I wouldn't be surprised to see the stock continue to fall giving us a long leg down and a potential opportunity for a retrace back up. Based on this, I'll continue to keep eyeing the stock and may look for a buying opportunity around 400 or slightly lower.
http://stockcharts.com/def/servlet/SC.pnf?chart=AAPL,PLTBDANRBO[PA][D][F1!3!!!2!20]&pref=G
thanks limit in at 40.11 -- half stopped out at 42 -- letting rest ride --- may add if continues up -- great callQuote:
Originally Posted by Limit5Bass
Bass, since you seem to have a pretty good handle on chart analysis, I wonder if you have looked at or voiced an opinion on AAPL since it apparently has taken a serious dive and has created lots of new investor interest. Have you an opinion to share? Where do your tea leaves think it will go? I know you have incorporated Elliot Wave theory into your tool kit. How is that working out?
SI, thanks for the compliments on the charting! Following is an update of an AAPL chart I posted several weeks back before the drop. The one item I do not mention on the chart is the red channel on the right side of the chart......once the share price closes outside and above the red channel for 2 closes, the downtrend will have stopped. That is what I will be watching for the next few weeks. The gap-up I mentioned is offering support so far.
EDIT: And as far as the Elliot Wave stuff....still lots to learn. Hard to find the first wave but once you do you can piece it all together. Trick is confirming that first wave. I still need lots of practice with it.
Attachment 777
Quote:
Originally Posted by siriusly_invested
For those folks who might be asking "where has all that money gone that investors took out of AAPL", I offer the following list of the top 10 stocks which have become benefactors to that $140B of extra cash:
RIMM, GMCR, ALU, NOK, NFLX, F, DELL, MU, HPQ, FSLR
I'm hoping to see RIMM and GMCR in my holdings soon, to join with NOK, F, and FSLR shares picked up yesterday and today.
My take on aapl is the bottom was in at 435 for the time being at least, until it tops out around 508 ish.
yesterdays aapl candle was a piercing line, marking the bottom and it gapped up today confirming.
http://www.candlesticker.com/Cs39.asp
some online were also calling the 430 area a fib retracement level that would mark the bottom
I think there will be a retest of the bottom soon. 2 dojis after an attempted bottom and I think it is saying it is going back for a retest. It will be interesting to see how apple closes out the week.
Attachment 797
EDIT: And here is a long term view of Apple - I see that it stopped at my purple channel, which represents a gap-up as a temporary support area. I don't expect that gap to hold and my fib line shows a slightly different bottom.....I think my fib lines look good based on the volume note on my chart...
Attachment 799
Quote:
Originally Posted by imromo24