Okay, I'll get it started for this week. I'm expecting another fantastic week, as far as action.

hats off to rat's AAPL call a month ago

The high right before the open was 88.50... So, it hit the area dead on. Two key Fibs were at 88.25 and 88.50 (rounded). But, the Thursday GLOBEX high still stands. That may or may not matter. What I'm trying to point out here is how, even though it did all the things it did overnight, it still respected the area posted yesterday.

Posted-07/29/2013 : 14:06:27

Originally posted by jimkane

I would think it would want to take out the Thurs GLOBEX high at 89, and I have some things from 88.25-89.00, so I think that's where it would shoot for....

BTW, what's really awesome (and is a great study aspect, for those who know the methodology well), there was a super-key set and line, and if it hit that level yesterday, it would be nowhere near the line. But the hit this AM was dead on the intersection of the Fibs and the line. Simply amazing.





Chart created on QCharts, courtesy eSignal

No one should need to ask if this is an area here at this 82.50 area.

In my little chart above I didn't show the main downsloping line I had. It hits dead in there. Maybe I'll show it...

Nobody cares about the bearish 1.000 ABCD here on FB, with an explosive move into it. I just saw a call for 65. It's all about FB now, they are the heroes of the world again. Too bad, it's a wonderful ABCD.

Oh, yeah, and the big pop was on about 20X the volume of late. But that didn't climax it at all, that just started the run up. Wow. All the 'rules' from the old days are out the window.

Okay, the area finally gave way for me. But, this may be a snap trap, as the KZ and other things are right here. So, I am watching that closely. If it takes that out I may post the areas I am watching below there.

I'm not thinking this will be day four of drop and then magically levitate into the close, but it may, so I'm wary of that. I keep wishing we will get a decent drop, but 'they' won't let it go.

Okay, watch here... Yuck.