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Strategies & Market Trends : Classic TA Workplace

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toccodolce

Zen Dollar Round

To: clutterer who wrote (207035)	3/1/2015 7:32:55 AM
From: Fintas	2 Recommendations of 209892

APPlE'S RSI would would have to get past 4.45 ish. It's in the 3.95 ish. That suggests 12%. That would line up with 129.6/134.02/138.88/143.74/148.60. A 3 box retrace is probable from any box above 138.88. The downside is a minimum 20%. So if one wants to hold for the 244 with the view that there will be no hicups over the next 1/2/3/4 years then I guess one could do so. However if one wants to consider fundamentals and the reality few companies never have hic ups re product of market. I'd be more inclined as one who does hold equities for years to be objective and defend where required. I would expect 97.2 at minimum on a downside retrace and would be more inclined to see that number long before 244. ( I'm not saying 244 could never be hit.) I'm just saying there are steps to any target. Netflix didn't just go to 450 ish there was one heck of a haircut from 240 ish to 57 ish back a bit. IMHO Fintas

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