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AAPL Chart Talk
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AAPL DAILY CHART (with my notes):

Your comment in the lower right hand corner of the above graph indicates: “Downwave in a Down Trend”. Say it ain’t so, Ms. iPad, that we are now in a downtrend. I though the island reversal needs to be confirmed first.
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Your comment in the lower right hand corner of the above graph indicates: “Downwave in a Down Trend”. Say it ain’t so, Ms. iPad, that we are now in a downtrend. I though the island reversal needs to be confirmed first.
RG, that’s one of the more sensitive indicators. Since MACD’s a lagging indicator, I like a heads-up. On the down side, you can get false signals (downtrend versus downwave. So let’s watch and see what happens with the standard MACD-h, but just know that a shift has occurred (weaker momentum and volume), and currently, the wind is in our faces, not at our backs.
[ Edited: 31 August 2012 08:58 PM by lovemyipad ] -
iPad, I’ll dare to be contrarian on this one.
Apple’s court win from Friday felt a little like…for lack of better thought at the moment…QE2.
OTOH, AAPL actually IS holding higher for now. I know, I know, AAPL heading downward over 4 days makes technicals look bad on some timeframes. But AAPL is still comfortable with its new highs, and it’s still floating over Friday’s close.
Am I just ignoring the charts at my own peril by saying this?
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
(...)
Am I just ignoring the charts at my own peril by saying this?Yes. Unless something changes.
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HUGS & KISSES CHART:

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(...)
Am I just ignoring the charts at my own peril by saying this?Yes. Unless something changes.

*ahem* Though as you know, I don’t trade just on technicals.
Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
LOL!
Yep, and technicals are dynamic, not static. Informative, not predictive. So if anything changes, the technicals will show us when it happens…
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AAPL DAILY CHART - TRENDLINES:

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iPad:
(That’s the new ” : ) ” ?! Looks like a smirk to me

Or a “knowing look”, or an “aw shucks”, or…
Emoticon Dept.: Keep it simple, people…
Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
VERY smirky! As in: does this forum make me look fat?

In good news, I do believe we invalidated that pesky “island top” today!
Now, if we can just take out the ATH with good volume, we can invalidate the potential Head & Shoulder top too. 
EDIT: I’m smiling with those last two…not smirking!!!
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iPad: Ignoring the charts was the best play last Friday.

(OK, so maybe it looks like a smirk.
)And now, it sounds like (from what I’m read) the AAPL chart resolved any near-term bearish issues! At least until tomorrow.

Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
I can’t see all of these charts when posted… what do I need to change in my settings?? This new forum has been a little crazy getting used to… any help would be awesome!
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I can’t see all of these charts when posted… what do I need to change in my settings?? This new forum has been a little crazy getting used to… any help would be awesome!
I have the same problem, thx
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No idea, but I’ll see if I can find someone who knows…

