Just so we don’t endlessly bore our friends who aren’t particularly interested in all the chart talk that I happen to loooooove—ahem.  Here’s a new thread.

Birdie (Wheeles) posted this fabulous link to a site I am currently scouring, going oooohhhhh and aaaahhhh:

Chart Patterns

great thread idea..  I’ll have to go through that site too!

AAPL WEEKLY CHART (with my notes):

So, if I read your notes correctly, the weekly chart has confirmed the uptrend in several ways? 

TA and FA both indicating higher share price ahead? Your favorite, the MACD histogram as well!

O.k…Europe, calm down.

AAPL DAILY CHART (with my notes):

iPad, you have to simplify a little for the non-chartists like Ensign and myself.

Was Ensign mostly correct in his assessment of the charts?

Red Shirted Ensign - 15 January 2012 04:14 PM

So, if I read your notes correctly, the weekly chart has confirmed the uptrend in several ways? 

TA and FA both indicating higher share price ahead? Your favorite, the MACD histogram as well!

O.k…Europe, calm down.

Until proven otherwise: intermediate-term is UP (weekly chart); short-term is DOWN (daily chart)

So we are watching to see what happens with the short-term (daily chart) THIS week—another leg up, consolidation, or more retrace?—especially since we have a fairly decent guess what happens the week after this one.

Do we?!  Do tell, iPad.  These are the times that test my conviction the most.

Mav, we need to wait and see what happens Tuesday for a better idea of what to expect THIS week.  (Given what I suspect about the machinations of the Evil Overlords, IMHO, this week *may* prove shakier than earnings week, but that is PURE speculation on my part.)

For earnings week, my Wild Ass Guess: with JAN’12 OE behind us, we’ll see higher prices from Monday to earnings day at the very least, with another ATH on earnings day.

I love the chart for the look at the week ahead (and I hope you are right about the up trend), but earnings trump all after the 24th. And unfortunately, charts can’t help us peek into that.

MrEntropy - 15 January 2012 06:21 PM

I love the chart for the look at the week ahead (and I hope you are right about the up trend), but earnings trump all after the 24th. And unfortunately, charts can’t help us peek into that.

MrE, agree!  I use charts to tell me what IS happening more than anything, not so much the predictive value because the future can change in a blink with new information.  And we have a slew of new info headed our way with next week’s “E & E Updates” (Earnings & Easing)...

After extensive chart study this last weekend, I predict AAPL will close unchanged today. 

How do you like my TA now iPad?

madmaxroi - 16 January 2012 01:09 PM

After extensive chart study this last weekend, I predict AAPL will close unchanged today. 

How do you like my TA now iPad?

LOL, Max!  You set an awfully high bar for the rest of us!

P.S. SO nice to see your smiling face!

lovemyipad - 16 January 2012 01:16 PM

madmaxroi - 16 January 2012 01:09 PM

After extensive chart study this last weekend, I predict AAPL will close unchanged today. 

How do you like my TA now iPad?

LOL, Max!  You set an awfully high bar for the rest of us!

P.S. SO nice to see your smiling face!

Yes, I was looking to step up to the fundamentals bar, but took a wrong turn and ended up at the TA bar.  Oh, the humanity.  Guess I need a new GPS app.

lovemyipad - 16 January 2012 01:16 PM

madmaxroi - 16 January 2012 01:09 PM

After extensive chart study this last weekend, I predict AAPL will close unchanged today. 

How do you like my TA now iPad?

LOL, Max!  You set an awfully high bar for the rest of us!

P.S. SO nice to see your smiling face!

Speak for yourself. Every time I see that Uncle Fester mug I start hearing finger snaps.    I think it was Gomez who was the financial genious, not Fester.

The charts are NOT saying there is anything wrong with the Apple technical picture, other than being outside the upper acceleration band (is this still the case?). The RSI is reasonable, the MACD histogram has moved favorably and the “pause that refreshes” for the latter parts of last week found no significant sellers as we bounced off the 418.80 level or so. Apple is hardly overpriced moving into this short week and more good news (and late to the game analyst earnings adjustments) are forthcoming.

I’m in the close at 430 or above camp for Friday.

Henry from SI posted this this morning. on Apple’s moves..

http://www.siliconinvestor.com/readmsg.aspx?msgid=27883392