nmike

APPLE update (daily)

NASDAQ:AAPL   APPLE INC
1524 12 8
Since the daily short signal back in Sept. 2012 there was one failed 50sma signal. Now Apple             is just below the 50sma, if price can close above it , the top of reference channel is the near term target. If it fails again we could see Apple             retest the bottom of reference channel. Here is a weekly chart of Apple             , very good example of CLONING and FIB. levels :
APPLE weekly update
.....reference channel target HIT
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now that we broken out of Reference channel, and in the clone1 , will we not head back in the referne clone to fill in the gaps ?
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nmike MOD Dmtz4444
check again,we have not broken Reference Channel yet, it might retrace 50% of R.C. before heading higher or it might go down and retest the bottom of Reference Channel.
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ahh i see my mistake ,
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did you get a 50% around around $420 ?
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nmike MOD Dmtz4444
.....YES
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...reference channel break
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...could not clear reference channel, there was only a intraday temporary close above it , now it looks like Apple is headed back to bottom of reference channel
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KevinT nmike
It went down to close the gap @420. 420 may provide support.
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@ KevinT good support in this area, close below last green candle could see Apple fall to bottom of reference channel near term, more bad news for bulls if Fisher falls below mid-point, TRIX momentum is falling.Remember to draw a MEDIAN(50%) line in each CLONES(not shown on this chart.
snapshot
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Mike YOUR GOOD YOU !
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>>>>>reference channel has been acting well as near term support / resistance,
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