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

To: Gary105 who wrote (45030)	1/31/2013 11:51:16 AM
From: Fintas	Respond to of 220958

BIG DIFFERENCE in APPLE's Gap or in fact BAC at 8.30 ish. WHY? One has to consider what was behind the gap UP or DOWN. A gap UP in a single equity is easier to close than an index. Thus gaps in the dow or spx way back in the 80's have stood the test of time. Gaps in the spx of 2009-2010 time line have also had TIME pass for the mechanical side of the market to address. BAC is UNLIKELY to be filled due to the support of analysts. But let it fail the test and I'll show you a gap filled. VERY UNLIKELY and why I've a possible pullback into the 9's. APPLE ok apple gaps have NOT passed the time test YET. APPLES move up was parabolic. So the one in the 420's is very likely to be filled once this upside is finished. Those lower will depend on many things. Tactics, strategies by those who want APPLE lower and if APPLE gives them the opportunity I would NOT be surprised to see that 240. And why I have said I'm just a spectator. TOO many others without a damocles sword hanging over them. I'd be watching APPLE 486. IF it can hold above then look for 540. IF it can not look for the retrace to previous lows and to 405. Then it will be interesting. Fintas