Investor in the Wilderness - Latest Comments in AAPL Poised for a Pop in the Near Term

Re: AAPL Poised for a Pop in the Near Term

marcos — Thu, 29 Jan 2009 12:03:23 -0000

I get it that you take what you see but for weeks and weeks you were very very strong about AAPL going down as well as the market. I don't know if volumes figure in your charting but it seems that AAPL rises sharply on light volume and then a cumulative catch up day of selling makes it plunge. I am stuck and "I can't do no mo". I would rather have read that AAPL is poised for a near-term poop.

Re: AAPL Poised for a Pop in the Near Term

Zach Bass — Tue, 27 Jan 2009 11:12:52 -0000

I'm sorry Marcos, but I have to report what I see. Just because things go down, doesn't mean they can't correct. And quite frankly, AAPL along with GOOG and Oil for that matter, have been establishing a strong basing pattern with positive divergences under neath in the near-term. That my friend, is a recipe for a correction.

Now it doesn't mean that things won't still go down, because I think they will. But I have to take what the market gives me for the moment, and that;s what I see.

Re: AAPL Poised for a Pop in the Near Term

marcos — Tue, 27 Jan 2009 01:41:40 -0000

You slay me Zach. It was down down down. ok. it made sense. Now its 'poised for a pop and run'. Makes no sense at all and erodes my confidence in you. This is my problem with chartists. What happened to down? And by the way, the up movement in the Dow and S&P in the face of the reality of doom for this economy is extremely perplexing. Does anyone really think that a government stimulus package will help 2009 particularly when the Dems are now admitting that maybe no more than $250B will be spent in this year?

Re: AAPL Poised for a Pop in the Near Term

Zach Bass — Sun, 25 Jan 2009 23:39:19 -0000

The entry would be just above the pivot point, which would be the downtrend line in the daily chart. That would be about 93. You'd want to make sure it was a breakout above this line before taking a position, but you could be safe by taking a position once AAPL moved above the trend line and setting a tight stop just below it.

Re: AAPL Poised for a Pop in the Near Term

Mister Snitch! — Sun, 25 Jan 2009 22:45:34 -0000

OK, the analysis looks good, and I agree with it. Bottom line, though, is that Apple is going up soon. Where is your projected entry point? If you don't have one, the stock will go on its run without you.

Also, FWIW: I think the S&P chart is as important as the Apple chart. What's holding Apple back is the rest of the market. That's key. The general market looks about ready to run, and that's what will free up Apple.