FAS...hit resistance on broken channel...then attempted to break back in but failed so far...
Below...we usually need pos d on RSI plus either TSI or MACD...there is only pos d on MACD, so MAY need to see another low of some kind (could be higher or lower) to see pos d on RSI as well...
14:42 EST - Apple (AAPL) up 1.2%, reversing earlier losses as a rumor hits Twitter and trading desks that the company might announce a stock split at its shareholder meeting tomorrow. A split could appeal to some investors, given AAPL's lofty share price of $448.20 . While that's down sharply from last year's highs, it's still a lot for retail investors to shell out for a single share. A call to AAPL not immediately returned. Shares jumped from around $440 at 1:40 p.m. EST to as high as $449.21 . AAPL last split its shares in 2005.
14:42 EST - Apple (AAPL) up 1.2%, reversing earlier losses as a rumor hits Twitter and trading desks that the company might announce a stock split at its shareholder meeting tomorrow. A split could appeal to some investors, given AAPL's lofty share price of $448.20 . While that's down sharply from last year's highs, it's still a lot for retail investors to shell out for a single share. A call to AAPL not immediately returned. Shares jumped from around $440 at 1:40 p.m. EST to as high as $449.21 . AAPL last split its shares in 2005.
pullback from resistance. the next target depends on where the pullback ends. wait.
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AAPL could be setting up for a nice short here— after they don't announce a stock split or anything else at tomorrow's shareholder meeting. Sell the no-news — PLUS a nice rejection at the 10 sma ($455) would be fitting.
TraderGirl wrote:I have a turn that hits on the 27th on my cycle chart for some kind of a turn...I am thinking we see a possible low of some kind tomorrow...
XIV could see another wave down? We'll see..
I am missing one more low too, thinking about something like this
russell
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I don't know why you changed it to ABCDE.
According to your chart from yesterday,From 932.
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out of TNA scalp +1 maybe too early but this wedge can mean guys start to take their scalps too
Last edited by KeiZai on Tue Feb 26, 2013 4:06 pm, edited 1 time in total.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Well, well, well...it's possible to get a pull back tomorrow...higher or lower low I do not know (test the lows?)...but bears be careful....I see a 5 wave structure up in Apple...that means we could be in wave A or 1, then pull back to wave B or 2, then "possibly" head up to wave C or 3.....
So tech shorts should be on the lookout for a move up this week...
Xian wrote:AAPL could be setting up for a nice short here— after they don't announce a stock split or anything else at tomorrow's shareholder meeting. Sell the no-news — PLUS a nice rejection at the 10 sma ($455) would be fitting.
I will not short this chart. bottoming construction phase from the look at it right now.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Gotta love Kass: Get's "mucho long", floats rumor, then unloads position as he "realizes" that "oh yeah, they CAN'T split the stock without a shareholder vote.
Xian wrote:AAPL could be setting up for a nice short here— after they don't announce a stock split or anything else at tomorrow's shareholder meeting. Sell the no-news — PLUS a nice rejection at the 10 sma ($455) would be fitting.
I will not short this chart. bottoming construction phase from the look at it right now.
Thanks very much, BB. I guess I mean "scalp"? No way in hell they announce ANYTHING at that meeting tomorrow.