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AAPL Intraday Updates (Archive)
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In other news, Chinese children seem to understand what American adults do not:
http://www.businessinsider.com/chinese-students-laugh-at-tim-geithner-2009-6
Matthew 7:15
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The ends don’t justify the means…
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So, if anyone posting here is trading AAPL, here’s a chart showing S/R at the 146.06 level. I may not be looking at this the right way, but if I am then you can say I knew what I was doing!
I was reading around the Woods over the weekend that $140 might be the end of the line for now, and today I see AAPL stopped at $139.99. If it should bust through tommorrow and CLOSE above $140, then let’s see if this $146 level becomes the next point of interest. This level was support until it failed on Sept. 15th and hasn’t been back there since.
GL to all tomorrow!
[ Edited: 01 June 2009 07:43 PM by kiwitrader ] -
Matthew 7:15
Oh, wolves in sheep’s clothing, I love it! Nicely played.
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Use your powers for good.
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In other news, Chinese children seem to understand what American adults do not:
http://www.businessinsider.com/chinese-students-laugh-at-tim-geithner-2009-6
FWIW…my experienced pro trader friend says rally on up to 1050 SPX. GS to 160. BAC to possibly 13 - 15. He showed me technicals and basically it looks like the releveraging is causing a repeat of ‘08 to some extent with a possible collapse once again coming in early summer. Just his take. I’m in a very tiny short position via FAZ and will wait to see if he’s right at which point I go all in short.
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The ends don’t justify the means…
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Tuesday
R4 150.91
midpoint 148.82
R3 146.73
midpoint 144.64
R2 142.55
midpoint 141.74
R1 140.92
midpoint 139.65
PP 138.37
midpoint 137.56
S1 136.74
midpoint 135.47
S2 134.19
midpoint 132.10
S3 130.01
midpoint 127.92
S4 125.83 -
In other news, Chinese children seem to understand what American adults do not:
http://www.businessinsider.com/chinese-students-laugh-at-tim-geithner-2009-6
FWIW…my experienced pro trader friend says rally on up to 1050 SPX. GS to 160. BAC to possibly 13 - 15. He showed me technicals and basically it looks like the releveraging is causing a repeat of ‘08 to some extent with a possible collapse once again coming in early summer. Just his take. I’m in a very tiny short position via FAZ and will wait to see if he’s right at which point I go all in short.
Your friend and I are reading the same play book. You should hop onto Skype and blab with Tim and I more often. Especially so since you’ve gone specialized into bonds.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Will be there when work slows down next week for me. BTW…he says we may still fail but he favors another burst upwards. He trickled into FAZ just in case as well but we’re both honestly waiting for what he calls an extension over the near term. AAPL could see 150 by his methodology which would coincide nicely with any upcoming announcements.
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The ends don’t justify the means…
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I think we break through $140 today. Will finally have ITM L-10’s
EDIT: $141 touched but short lived. :cry:
[ Edited: 02 June 2009 12:12 PM by incorrigible ]Signature
“Knowledge speaks, but wisdom listens.”
- Jimi Hendrix -
Mexican hat dance around RAD which has become the gift that keeps giving.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Anyway, my boat is back in harbor picking up crew. They all have “C” stamped on their forehead and I’m jamming them in the cargo hold. I don’t expect them to row but they can write about how swell things will be every month.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Look at that - F and GM have better than expected (or actually not as bad as feared) May car sales. So Americans are back buying cars from money they take out of their Home Equity Loan, which they are not able to pay back since their homes are less worth than what they bought them for. Very encouraging - spend people, spend!!!
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“We hang the petty thieves and appoint the great ones to public office.” - Aesop
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Look at that - F and GM have better than expected (or actually not as bad as feared) May car sales. So Americans are back buying cars from money they take out of their Home Equity Loan, which they are not able to pay back since their homes are less worth than what they bought them for. Very encouraging - spend people, spend!!!
F! I sold forty percent of F yesterday. Easy come, easy go. Next payday.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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The incoming downtrend is the next hurdle for AAPL, currently at about $144. What could vault it over that thin red line?
Pictures not working?
[ Edited: 02 June 2009 07:07 PM by awcabot ]Image Attachments
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Tightwad.
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AAPL pop in AH Nothing I can find.
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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
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AAPL pop in AH Nothing I can find.
I think CNBC may have mentioned AAPL on Fast Money. Could be something else though.
EDIT: QCOM also spiked at around the same time, and PALM tracked up a little, so it looks like the Fast Money piece is the reason for the pop.
EDIT2: Honestly, what kind of idiot buys a bunch of stock just because the Fast Money guys say that the iPhone is popular? Was there really anyone who didn’t know that already?
[ Edited: 02 June 2009 07:55 PM by wheeles ]Signature
Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. ? Jesse Livermore
