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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
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 5/6/13 at 8:52 am to
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 by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 5/6/13 at 10:09 am to
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 by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5608 posts
Posted on 5/6/13 at 11:39 am to
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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