Seeking Alpha

Ripit's  Instablog

Ripit
Send Message
Guy who knows things
  • AAPL 20/20 HINDSIGHT 2 comments
    Jun 29, 2010 8:11 PM | about stocks: AAPL
    Let's take a look at AAPL and see what may have given us an idea that a correction was coming. I will post a chart from June 21 and one from today. In the first chat I will go over what we could have used to catch the correction. I did not notice this until after the move but it is a great example of what to look for in the future.

    CLICK CHART TO ENLARGE



    TODAYS CHART, CLICK TO ENLARGE







    Stocks: AAPL
Back To Ripit's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • Tyler Peglow
    , contributor
    Comments (64) | Send Message
     
    What does this say about the near term future of Apple? Doesn't higher highs and lower lows indicate an upward trend in terms of technicals.
    30 Jun 2010, 09:58 AM Reply Like
  • Ripit
    , contributor
    Comments (63) | Send Message
     
    Author’s reply » Yes. AAPL is still in an uptrend. That is why when looking for divergences I don't use them to say we have made an ultimate bottom or top.
    If I was long AAPL I would keep an eye on the 230 area. If we went through that it may go to 215.
    30 Jun 2010, 10:03 PM Reply Like
Full index of posts »
Latest Followers

Latest Comments


Most Commented
  1. Cover US steel (2 Comments)
  2. Spain is the leader (2 Comments)
  3. AAPL 20/20 HINDSIGHT (2 Comments)
  4. Trading system (1 Comment)
  5. HOURLY POINT AND FIGURE CHARTS (1 Comment)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.