If they want to announce the end of the correction they have a nice spot at .382.
JI
jimkane
Rep: 3,058
Posts: 33,089
Wheeeeeeeeeeeeeeeeeee! And they come in with a huge buy program and drive it to a new HOD. Incredible. But, alas, it is still in the key area, and that may be a very scary shakeout. Just sayin'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Let's look at some areas for this intermediate-term bounce, assuming it continues up. I have a minor area around 24-25, and then a key area from say 35-40, but with the .447 around 43, 'somewhere in there'. I can refine that more precisely as this gives us more data. Above that I have two levels that are just 'magnets' for this, in my experience, around 65 and then 82. I will put the areas together fully if this heads up there. Can't wait to see.
Speak of the devil, this just burst up to another new HOD, pushing the upper boundaries of this area. I think the area will give way if this can get any higher than this high tick here. Up 24.50 from the low so far...
Speak of the devil, this just burst up to another new HOD, pushing the upper boundaries of this area. I think the area will give way if this can get any higher than this high tick here. Up 24.50 from the low so far...
JI
jimkane
Rep: 3,058
Posts: 33,089
18.75 is my next short-term level, which I suspect we may see by the close. That would have it up 31.50 from the low.
JI
jimkane
Rep: 3,058
Posts: 33,089
14.25 has some technical significance. If exceeded by any reasonable amount it implies, by my work, trend until close. It can also cap a run.
JI
jimkane
Rep: 3,058
Posts: 33,089
AAPL up almost 30 on the day. Cool. Not a very big pop for one day on no news, huh?
JI
jimkane
Rep: 3,058
Posts: 33,089
It wants to close on the high tick of the day. Likely the futures will continue to trend up, and when they reopen, it will be on a small gap up. The day unfolded pretty much exactly as I had scripted it to myself last night even before the open. Not much of a surprise.
