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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (44278)	1/21/2013 11:48:09 AM
From: Fintas	2 Recommendations Read Replies (1) \| Respond to of 218856

If you go back to the hey days many often just came in on pull backs. Yet at some point the once mighty EVENTUALLY ROLLED and kept on doing so. Some until they were absorbed. Some until they were taken apart. Some until the names are now memories. APPLE as some should remember was almost there. TWICE. However theirs is a success story. A TERRIFIC story. Yet they are not immune from the mechanics of a market. Thus buyers will come in as you note for they will believe. OH BOY. I finally got my chance. They did so recently on the FIRST attempt at 500. And as a result the mechanics kicked in, and the buying spurned buying, some was natural and some was FORCED. Yet what was missed and usually is missed is that something was changing. That is very apparent on the second and SUCCESSFUL attempt at the 486. It was not only hit but breached. That caused a tail down which is usually followed by the bounce. We are seeing that. But those bounces tend to fail because of the weight of a neg RS. i.e SELLING and the technical indicator that is supported by the conclusion of a wave and suggests another wave LOWER. So we now see other buyers coming in. To them they think OH BOY OH BOY. NOW is the time. And another push up is possible. However, as that bounce fails and does so at levels much lower than previous bounces, a reality will set in. Those who were hooked at the 700's will get a sick feeling in their tummies. Those sitting in the 600 hundreds will sit there desperately thinking...oh please get me to 600 so I can get out. Those at 550 will be lighting candles for they know excess of a good earning, news whatever can give them the opportunity to get out. And those who make a early attempt at shorting at 502 and did so with an understanding and confidence will see the bounce, Add to the short and then watch the bounce fail to roll over and head back down, hooking many longs, hooking many who forget that when the trend ends, it takes TIME to unwind. Always has and always will!!! Whether it be WANG, COMPAQ, AMD, AMAT,EK, POLAROID, DEC, INTC, MSFT, EBAY, DELL, GLW, etc etc.Taking market share and the continuance of INCREASING it, is not as easy as it appears. To those who look at FA and see that low PE, there are those that understand sustaining that low PE can change and once that detail is understood the PE will rise and the smart money will have already left and done so at MUCH higher numbers. So to those who trade apple. GREAT. To those who want to be LONG and never took a position to BE LONG. Patience is a virtue. To those who SHORT, well to the good ones. YOU KNOW how to play the game and when to exit. And to those who watch apple is a great company. There is no question about it. But as a stock, it's luster has diminished for a time. And only time will determine for how long and how deep it goes. MY 448 is CONSERVATIVE. IGNORE that and be prepared to say to yourself, I should have waited a bit longer. Just my humble opinion. Fintas

To: GROUND ZERO™ who wrote (44278)	1/21/2013 11:10:54 PM
From: Gary105	Read Replies (1) \| Respond to of 218856

1650

To: GROUND ZERO™ who wrote (44278)	1/22/2013 8:19:30 AM
From: Fintas	1 Recommendation Read Replies (1) \| Respond to of 218856

"SINK IN TO OBLIVION" is a bit strong and what I'm sure you were not suggesting. Neither was I. What I was attempting to present is that there's a time when a stock just runs out of gas. As that it happening there are many who missed getting in initially that want to do so. As I look at many point and figure patterns for Apple and backed by other indicators, I see a pattern evolving that reminds me of a few good companies that began to fall, bounced, to continue to fall to bounce to continue to fall. When I also look at Apple's RS chart I can also see the % down. Another contributer somewhere and maybe private put up an APPLE chart using fibs. I think it was done on a public board. Can't remember. But the chart was an eye opener and I thank that person once again for posting it. All of that data has me continuing to lean APPLE may bounce here but it will stall. Then we will see just how low it goes and if it lines up with what it's RS chart suggests. 448 is conservative because it's RS chart suggests that number can be lower as does a few value boxes.. Yet regardless APPLE is a great company that has great products. It has also been a GREAT stock for those who caught it in the 10-16 pre split. Apple is a classic example of how a great stock can outperform. Fintas