Comments on: Daily and Weekly Chart View of Apple AAPL

By: jack

jack — Thu, 26 Mar 2009 10:48:16 +0000

Hi,

Would be nice to have a short update on that once, since the situation is more clear now. Many think we’ll see a rally to 125$

By: Anonymous

Anonymous — Mon, 23 Mar 2009 06:01:51 +0000

thanks for doing the aapl analysis. As you said usually a low base heads lower but who knows what is going to happen since big ben is manipulating the market. Munchi

By: Corey Rosenbloom

Corey Rosenbloom — Mon, 23 Mar 2009 02:17:54 +0000

Apple is outperforming the market as evidenced by its Relative Strength line.

It’s certainly possible and maybe even likely that this triangle reflects consolidation/continuation which would imply W4. But it could also be a base-building consolidation which is eating up supply and building a base for a run to a higher level. That would reflect accumulation.

$120 could serve as resistance, but we’d need to do a reassessment once (and if) price made it up to that level.

Of course, all bets are off we we swing down to take out $80.

By: Vijay

Vijay — Mon, 23 Mar 2009 01:21:35 +0000

I disagree.If AAPL doesn’t seem to be in sync with the market and that’s what I think is happening, then,this seems to be wave 4 for AAPL atleast.I understand the indicators are aligning up bullishly,but I doubt AAPL will be able to go beyond 120 before heading down for a wave 5 thus completing a ‘mega’wave A before making its ascent into ‘mega’wave B

By: chartsandcoffee

chartsandcoffee — Sun, 22 Mar 2009 22:45:46 +0000

Weekly market forecast is up -http://chartsandcoffee.blogspot.com/2009/03/sunday-night-coffee-3222009.html