1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
3. Try using this link: http://stockoftheday.blogspot.com/2005/10/aapl-breakout.html
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
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Why not enter AAPL now? it has certainly triggered my system (2x normal volume >5% increase in price) the Fundamentals of the company are as strong as ever! for the first time since I can remember, Apple was in "Good Morning America" call it the Disney effect.
The stock was taking down badly after earnings because of, get this. it ONLY sold 6.5M iPods, 1M of which were iPod Nano's only 3 weeks after introduction.
AAPL is taking charge of media now. I suspect that AAPL will become a large media conglomerate that will include PIXR, and perhaps even Disney!
Well, we don't have to think in such grandiouse terms to realize that the fundamentals are strong.
Today's move makes me think that the small correction is over, and that my target of $70 will be met by Jan. earnings.
I have a PCRCC on AAPL since Aug. in another account, so I am not going to include AAPL in this one, but I have made my PCRCC bullish now, and will keep track of the stock from here on.
Yesterday call of a bottom was correct. Better yet, the target becomes $65 to $75. I would expect that target to be met by Jan earnings report.
10 comments:
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Juan,
Obviously depending on where you place your set up points you get the projections.
RE: "Yesterday call of a bottom was correct. Better yet, the target becomes $65 to $75."
These are some targets for AAPL using Fibonacci where there might be a retracement from;
$60.61
$66.25
$68.55
$75.85
$90.09
$98.22
At each target area we look closely at the candlesticks.
Entry point for AAPL, will it retrace during the day?
Possible Fibonacci retracements
$52.47
$51.66
$50.85
$50.36
PETM is moving down in our direction. Two Fibonacci targets are;
$18.82 (161.8% projection from a prevuos low, 26th Aug 2005)
$17.72 (a 23.6% to 0% projection from the current low and those lows in September 2005).
At these levels two levels, we need to watch the candlesticks for an early sign of a possible retracement.
AMLN,
Some Fibonacci projections.
$41.60 (At the 23.6% to 0% projection.)
$43.94 (At the 161% level.)
Again watching more closely at the Candlesticks.
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If you put enough text above the charts then they drop down far enough so that the other menu doesn't get in their way. That way you can keep the charts as wide as you need. I can fully see the AAPL chart now. So, I have a question... I see the main target area seems to be 64-72. I'm assuming it's position horizontally is indicative of the time needed for that price to develop and it looks like November to December is the time frame. Is that about right?
accountholder, that is correct. The inner trapezoid indicated the most likely time/price zone. The outer trapezoid indicate the possible time/price zone.
I will post a new chart with the actual targets a little later.
accountholder, I have entered a comprehensive chart for AAPL. This would give you a complete forecast for AAPL as of today.
Please understand that the Elliott wave is a complex theory, and it is worthwhile to play it with appropriate stop losses. I have seen the "top counts" change with a day or two of unexpected action. Nonetheless, having covered AAPL for years, I would expect this targets to be met, given the news and approaching shopping season. Then we are likely to have some profit taking by earnings release in Jan.
Good luck with that
Juan
Juan: I currently have the options CRC on AAPL with April 2006 long and November 2005 short with roughly a 2:! ratio. I took some profits on the short side and rolled them from October to November recently. I also have AMZN and CMI, which have not done so well. :( Thanks for the updated AAPL chart!
I should have said, the strike is 55 on my apples...
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