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Sunday, November 11, 2012

$AAPL: We call for a drop, after earnings, on oct 18,2011


We call for a drop on AAPL, after earnings on october 18,2011, and many people where angry with us, but stock downfall from 421 to 360, after earnings.
 AAPL earnings were very good news and all people think that a rally was coming, but price went down and we where only making a call based in our knowledge about Elliott waves and Fibonacci retracements.

Tuesday, October 18, 2011


AAPL 16 years, monthly chart EW count.

My only interest of posting this chart and EW count is to share with whom could be interested in analize, from the technical analisis perspective, the possibilitie that a good buisness can't grow parabolic,for ever. I think AAPL will have some pullback but, with a bias to continue been a solid buisness that,no doubt, will continue developing, inclusive more than ever, beacause they have brilliant people working there. My posting,last days, had been thinking in that a retracement was near and that we could have a rally pre-earnings and then a "sell the news". I any case, AAPL will pullback after earnings.

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