re: Apple up over 10% and $47 since last week....what do we see first $500 or $400

I think it is 23.6% of the spread between the 52 week H and L.

Also note that these fib levels seem to be significant on shorter time scales, as well. Many "corrections" during movements tend to touch these percentages of the amount of the move. Make sense?

I'm not an expert by any means, but from what I can gather the technical analysts essentially have a method to draw a line pretty much anywhere on the chart. You have these fib levels, your various moving averages, trendlines, etc. So, at any given time they can say "look for such and such when the stock approaches price X", and X can be anything.

In the case of PM, what stands out to me is the "double top" where it tried (and failed) to get very far above $96 twice in the last month. To the technical analyst (TA here on out), this looks like strong "resistance", and now does not appear to be a good time to buy for a mid to long term position. However, another thing that stands out is that PM has been getting strong "support" from the 50-day moving average, having bounced off of it 3 times since February, and is as of today possibly bouncing for a 4th time.

So, as a novice TA, I would say that if PM dips down below the 50-day MA in the next couple of days ($92.50 or so), then look for it to make a considerable move further down. If it instead bounces back up in the next few days back toward $96, then that would be the next time to watch. The support and resistance will continue to "squeeze" the chart into that pennant pattern. Generally, whatever happens in the days following PM either breaking above $96, or below the MA, would be an indication to the TA as to the direction of the next short/mid term trend.

so now that it couldnt hold $460 does that mean its gonna drop a lot and i should sell and buy back?

tom is ex-div day so itll go down, hopefully we can hold this! This one trade could make my year, Im in big at $414

So someone explain exdiv for me. Yesterday the stock closes at 463. Today the the stock is showing up at 462.I realize the exdiv was accounted for for those buying and selling today but I didn't think it would reset the stock price.

Thanks.

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BennyAndTheInkJets

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No flame by any means, but AAPL has fallen off versus your resistance point. Granted, it's short term fluctuations, and I am by no means a technical analyst, but how do you feel about the resistance point today?

I am trying to learn more about technical analysis, will always be focused on fundamentals for my investments, but I wanted to hear your thoughts.

Down 20 at 424.

Thanks Obama