AAPL - Apple Inc - Page 3

Where did you get the number $65.12? I am seriously interested in fibs charting now also.

Well actually that's not that good of one but read it anyways.

It doesn't work for every stock but it works well with AAPL
This is not the first time we have gone over this with apple.
There was another thread I pointed this out.
with the Fibs It is a mathematical therory that just works,
you can read the details of how it works but it isn't really important.
I don't use it for everything, just another tool.
every stock has a pattern you just need to recognize the pattern and use it to trade that stock.
Some channel, some you use the macds, Moving averages, you get the picture.

With the Fibs it is simular to resistance and support levels.

This is a better link than the prev one:

http://www.investopedia.com/terms/f/fibonaccilines.asp

What caused the HUGE gap?

Support at the 38% Fib? Or gap fill? I think its a good short right now.

BTW....I love this new stockcharts membership! Dr. Sean you get one yet?

earnings.

Figured.

I didn't get one yet b.c. I've been trading more big boards. Think I am going to get one though b.c. i use it all the time anyways.

*still kicking him self for selling right after earnings gap*

btw broke that fib line whats next?!

Now we rise to $80 and split 2 for 1 and become gazillionaires :P

Btw, why/how do companies split 2 for 1? Can they split at any time they want? What do you think apple will split at?

Wishful thinking, it is making a valiant attempt, has not broken it yet
It has to push through on increased volume and land on the floor.
the only thing was it gave a new opportunity to short.

isn't it 64.76? we hit 65.50, sitting at 65.30 am i reading it wrong. keep in mind im not very familiar with fibs.

Short the AAPL? Could do nice!

Chan, you Pessimist! Stop ruining my fun with your logic. lol.

Well you and your buddies better start buying, only 22 million shares traded today won't do it. has to be about 42 million to push it to new highs.
The only thing holding the walls up in that industry is CRAY INC COM NEW (Nasdaq Small Cap: CRAY)
There is none, I repeat no buying buy institutions.

It hit my stop and I got out, losing my tail in the process. Chan, do you really think it's still a short? It's got to fill that gap.

I don't think it will fill the gap completely but it may fall to support around $60

You may have had your stop to tight. But it has triggered may stops other than yours including the shares shorted.
the MMs now where they are and went after them.
When they are set at stop limits they can see them.
Besides they know where 2-3% above resitance is.
Boo what did you have stock or options?
You could have fixed the trade instead of bailing out.