thebrewer35

AAPL - Do patterns repeat themselves? Update.

Long
NASDAQ:AAPL   Apple Inc
Originally published by @NZ_Shareman

Watching to see if the pattern of AAPL repeats itself from 2008. This year we have been on a roller coaster of volatility , smashing through 5 years of the 2008 Crash Recovery pattern price action in 8 months.

This follows EWF ( Elliott Wave Forecast), that we will be moving to higher highs before turning down to fill the gap.

Active Trade: AAPL $140c 12/18 @ $1.15 - $1.26; dropped to .94 today.
Exit: $135.

Comments

Great work! Thanks for the idea.
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Thanks for sharing this great work.
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Nice work
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Very interesting view .. thank your for hard work good luck buddy
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thebrewer35 Abu-Sushi
@Abu-Sushi, Thank you. It's an odd concept, but based on EWF (Elliott wave forecast) we are still in a bullish sequence upward and need to see one more ATH before turning down.
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Abu-Sushi thebrewer35
@thebrewer35, I wonder if you care about fundamentals but do you think apple now is over valued ?!
I try to pay less attention to fundamentals and micro knowledge and focus on chart but Tech seems like over extended from fundamental view which everyone kinda agree twitter news etc
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thebrewer35 Abu-Sushi
@Abu-Sushi, I focus on technicals versus fundamentals. Sometimes I try to find a reason why something would go up, but I use EWF to determine the technicals and sometimes it just happens to perfectly correlate with fundamental events.

The stock market is currently overextended, but will continue to overextend into a new ATH before turning lower based on technical analysis. Check my comments on this post:
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Abu-Sushi thebrewer35
@thebrewer35, thank you for reply ..very interesting lets see how elections play out
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thebrewer35 Abu-Sushi
@Abu-Sushi, Definitely!
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