$AAPL Fell From Tree But Ready To Rally From Late July 2013.
Seeking Alpha Analyst Since 2012
This is my first article here on seekingalpha.com.
I believe in an objective approach to market analysis, and hence have developed my own systems that don't use any standard technical analysis, but relies on Cycles and Price Neurals for any index, stock or asset class. Hope you will enjoy the below that was written on July 17th, 2013 on Smartpredictor Blog and website(s).
$AAPL Fully Sour Now. Time to Bite? - Written on April 19th, 2013
Re: Smartp Strategy Grid - AAPL.
Postby chanakya » Fri Apr 19, 2013 9:42 am
We hit 385.10, the call was to reach 378.nn before anything else occurs. The system maintained that as a firm target since 12/18/12.
This is PRIMARY degree support so it should provide bounce.
However, refer to Cycles in the earlier posts that suggest that $AAPL may have a hard time staying up also into June 1st week. It doesn't mean it can't rally.
Also, $AAPL bear is not over either but if you look at Cycles posted earlier, perhaps not much PRICE erosion from these lows into July 1st week from where $AAPL gets into more trouble.
That was on April 19th, 2013 right where $AAPL bottomed.
But wait, Smartp gave us this on January 14th, 2013 after calling the top on 12/18/12.
Sometimes $AAPL falls from tree
But wait, there is more - on April 7th, 2013 the following Cycles were published
I see no change to the above scenarios - AT ALL.
1. $AAPL will form a secondary bottom in August 2013 and move higher into October 2013 in a BEAR rally targeting 517-547.91 and fail at that BULL-BEAR pivot
2. Don't miss the end of the year projection from there for $AAPL
Net - $AAPL's BEAR woes are far from over
Disclosure: I am long AAPL.
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