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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 (45368)2/5/2013 3:26:14 PM
From: Kirk ©  Read Replies (2) | Respond to of 223716
 
Careful
Wow, incredible!!! I think AAPL did bottom, that chart pattern looks very good, I just bought the NQ...
You inspired me to rework my chart

Feb 5 AAPL: Apple Price Gap Still Open: Resistance And Support Graphs

Key features:
  1. The thin, dashed-green horizontal line shows an open gap at $425.00. One form of TA (technical analysis) says the downtrend won't reverse until this gap is completely filled and it can go lower before it turns. Of course, TA is only "odds" and not a guarantee.
  2. The thick, dashed-green line shows a four-year support line that was broken and is now resistance.
  3. Two Fibonacci levels remain support at roughly $390 and $316.