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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400
Posted on 5/6/13 at 8:52 am to roguetiger15
Posted on 5/6/13 at 8:52 am to roguetiger15
broke through $460 but back to $459 hopefully it can hold up the resistance
This post was edited on 5/6/13 at 9:04 am
Posted on 5/6/13 at 10:09 am to ThaBigFella
quote:
it can hold up
I can't guarantee you anything over the next three months, but I'd bet my britches that I will sell this stock with a long-term cap gain.
Posted on 5/6/13 at 11:39 am to ThaBigFella
quote:
broke through $460 but back to $459 hopefully it can hold up the resistance
BTW, I was simplifying the $460 figures because the Fibonacci resistance was right at $460.68 which its been staying right around right now +/- 20 cents. If it closes above that level and stays above tomorrow, I expect you'll be making a pretty big cash out on that.
Going to be very interesting. This is why I love technicals, from a fundamental perspective it makes absolutely no sense why 23.6% in a Fibonacci sequence would be a resistance level for a stock. But... it keeps happening over and over. Why do sunflower seeds rotate in the Golden Ratio (part of the Fibonacci sequence), why do bees reproduce in the Golden Ratio? I don't know, but doing the same thing over and over again and expecting a different result is the closest I've ever come to a definition of stupidity.
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