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Billhinge
May 4, 2015 8:45 PM

Apple showing signs of weakness Short

Apple Inc.NASDAQ

Description

Schiff Pitchfork for Apple, the pitchforks drawn are not arbitrary but use 3 points as pivots, lowest low, trend low and trend high entered through co-ordinate setting to be accurate. The line to watch is central red line, notice the oscillations aka consolidations around it as it becomes a support level then a resistance on failure. There is an 80% chance of movement away from median on failure, ie price will go lower. This will allow price to drift lower to the lower green and blue fibonacci bands. This will allow institutional buyers to buy Apple at lower prices for buy back season - hence after dip we get the ramp like Feb but smaller - short term bearish until minimum and buy backs start. Also shown are daily caramilla pivots
Comments
Billhinge
guess I was right, actually went a bit lower to create a slip band below bottom blue, bought at low for dividend and sold next day for nice profit
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