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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.38

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Dec 24 4:00 PM EST

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To: chartseer who wrote (45552)	2/7/2013 9:37:01 AM
From: Fintas	Read Replies (2) of 220626

EINHORN.. HMMM where have I heard that name before? Sounds familiar. However, I'd check your numbers. I don't think he owns 1 BILLION shares of Apple. Re Apple: It's a great company. The question is not that it made 20 B last quarter. I'll have to take your word on that. But what will it make in the future. I was just looking at Apple's RS as compared to it's peers and spxew. As stated I have projected a bounce. Well using Apple RS as compared to the close of APPLE to spxew. Well I wasn't tracking interday so I do NOT know the true number. I do NOT know what it was when Apple was at 435. IF I was interested I would have been running that number but I was probably doing something more important like eating a chunky bar. However, I can see a 19.2. I'll keep it simple for I don't want to run the numbers to x digits. It's now at 19.6 BEFORE the open I would NOT be surprised to see APPLE reverse itself on that RS and take it to 23.5- 24. 2 ish Fast math would say that's 20-25% from the bottom. That lines up with my numbers considered for a bounce. HOWEVER those bounces are pretty common for stocks with OOOMPH and doesn't mean all is well with a stock. Just means money moves in hoping all is well. The flip side would be what happens after that bounce. Apple should then retrace to test that RS of 19.2. Then here's the dicey part. IF Apple doesn't prove itself I can see a 14.4. Previously when I first saw Apple getting hit I saw the 19 and then maybe a 18/17. That is why I presented a conservative 448. As we now know fluff took it to 435. NOT good for an apple long if they take it to 14-15. That would be x from 19.6. FAST math would suggest 25-30% from where it stopped and that brings up the lower 300's which is also supported by other tools and why some have put that number up. So if EINHORN is saying something positive good. It will help with the bounce. Just remember WHO EINHORN is and I'd be careful listening to a guy who is known to talk from both sides of his mouth. So what does all this mean. Well hopefully you will take a closer look at the RS. Second you will consider moves in both directions and how to support those views. A micro view helps. And finally watch who you listen for in fact Einhorn made it to the deck of cards on a certain site that was cutting edge re who the good guys and bad guys are.. Fintas

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