Jump to content

Fib extension


cheviot

Recommended Posts

At an RSI of 87 on a weekly basis and somewhere near the end of a fib extension...Has Apple had its chips ???  Its priced for perfection ...and as we all know perfection is rare...Take a bite out of Apple , I think the upside/downside is wildly out.....Time to tip over the Apple cart ??? 

Apple Inc (All Sessions)_20200102_11.46 (1).png

Link to comment

 

44 minutes ago, cheviot said:

At an RSI of 87 on a weekly basis and somewhere near the end of a fib extension...Has Apple had its chips ???  Its priced for perfection ...and as we all know perfection is rare...Take a bite out of Apple , I think the upside/downside is wildly out.....Time to tip over the Apple cart ??? 

🙂  as bullish a chart as you will ever see, looks like RSI has sent away for the IKEA catalogue, it's been in overbought since the beginning of Oct and doesn't look like leaving anytime soon, and MACD with not even the hint of a signal line cross over. Also consider how many extension levels Apple has driven straight over for years now without so much as a 'pardon me'. Short at your peril.

 

  • Like 1
  • Great! 1
Link to comment

Sell strength and buy weakness....Timing is everything, selling a falling market just means you get caught at the bottom short..... This whole US market is utterly 1. complacent....2 Long up to its gills....Nobody but nobody is either short or even being hesitant about either FANG or US 500 ...The belief is it will go up for ever....The same was true when SP 500 was at 680 in 2008/9 nobody believed it could rally ever again.  3. Fed s got itself in a bind.....cheap money is fuelling an asset bubble and W st demands cheap money.....So dilemma for the fed is...If the economy is actually worse than the market is lead to believe where is the Fed going to go....And if the economy is better than the market thinks it is then the Fed will have to hike rates......Goldy locks and the 3 bears out there is nt going to last ! 

 

  • Great! 1
Link to comment

U.S. indices have been rising for decades.  Think about all the evil **** that happened in the 20th century.  Put it this way.  For capitalism to continue to exist, there has to be continually compounding growth.  That's what the stock markets are there for.  Capitalism also requires huge amounts of credit and debt to function.

You're really asking the question: will the world order continue to be capitalist?  Because if it is, it simply has to keep growing and the indices and levels of debt will indeed keep rising forever.

Until the day the whole planet looks like Australia does right now - hell on earth.

Enjoy :D 

Link to comment

I believe there will continue to be capitalism as other econ. models have failed totally...However stock market indices do not need to grow to prove capitalism works.   In the 1930 s stock markets did nt grow at all , nor in the 1970s . The world may store value in other ways.....land, water rights, minerals etc.  

As you pointed out look at Eastern Oz .....what matters to those poor people now (including my niece) ?    Water /land/ food....Stock market riches mean very little when catastrophe strikes.     

 

Remeber my friend...sheep get slaughtered 

  • Like 1
Link to comment
6 minutes ago, cheviot said:

Stock market riches mean very little when catastrophe strikes.  

 

Quality of life is more important than continually making money, but that's what we all have to keep doing whether we like it or not.  

Really sad to see what's happening to Australia.

Edited by dmedin
  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,700
    • Total Posts
      89,586
    • Total Members
      40,563
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Doug
    Joined 28/11/22 07:17
  • Posts

    • Analog Devices Inc., Elliott Wave Technical Analysis Analog Devices Inc., (ADI:NASDAQ): Daily Chart, November 28 2022,  ADI Stock Market Analysis: We are anticipating a potential top in place while we were stilllooking for short term trades into wave {v}. At this point it looks like we might have topped and areready to resume lower. ADI Elliott Wave Count: Wave {a} of 2. ADI Technical Indicators:Above all averages. ADI Trading Strategy:Looking for further developments into wave 2 to then place long termlongs. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Analog Devices Inc., ADI: 4-hour Chart, November 28 2022 Analog Devices Inc., Elliott Wave Technical Analysis ADI Stock Market Analysis: As the RSI also suggests we may have topped in wave {v} as we’vehad divergence between the top of {v} and {iii}. Looking for further downside. ADI Elliott Wave count: Wave i of {a}. ADI Technical Indicators: Above all averages, while 100 and 200EMAs are crossing. ADI Trading Strategy:If volatility rises we could look for short term shorts.
    • As a result of the precipitous drop in crypto prices, fewer people are willing to trade in high-risk digital coins. Since the beginning of 2018, Coinbase's MTU has been cut by 20%. Investors are curious about whether users continued to move away from the platform despite the slowdown in the downtrend towards the end of Q2 since any rebound could be seen as an early sign of recovery. The earnings report for the second quarter shows that the company's net revenue dropped 35% from Q1 levels, primarily due to a precipitous drop in retail transaction revenue. Anyway, to distress from all the crypto stuff, you can just bet on the World Cup and check on odds brasil copa do mundo.
    • Elliott Wave Analysis TradingLounge Daily Chart, 28 November 2022,   Dogecoin (DOGEUSD) DOGEUSD Elliott Wave Technical Analysis   Function: Counter trend   Mode: Corrective   Structure: Zigzag Position: Wave B Direction Next higher Degrees: wave (Y) of Double Corrective Details: Wave B retraces in a zigzag pattern at the end, and prices will drop again in wave C. Wave Cancel invalid Level: 0.1581   Dogecoin (DOGEUSD) Trading Strategy: The structure in the larger image is reduced with a double corrective pattern in the lower (Y) wave, but because the internal sub-wave of the wave is not yet complete. Overall, there is a chance that the rate will continue to decrease.   Dogecoin (DOGEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The Wave oscillator below Zero-Line Momentum is bearish       TradingLounge Analyst: Kittiampon Somboonsod   Source : Tradinglounge.com get trial here!           Elliott Wave Analysis TradingLounge 4H Chart, 28 November 2022, Dogecoin (DOGEUSD) DOGEUSD Elliott Wave Technical Analysis   Function: Counter trend   Mode: Corrective   Structure: Zigzag Position: Wave B Direction Next higher Degrees: wave (Y) of Double Corrective Details: Wave B retraces in a zigzag pattern at the end, and prices will drop again in wave C. Wave Cancel invalid Level: 0.1581   Dogecoin (DOGEUSD) Trading Strategy: The structure in the larger image is reduced with a double corrective pattern in the lower (Y) wave, but because the internal sub-wave of the wave is not yet complete. Overall, there is a chance that the rate will continue to decrease.   Dogecoin (DOGEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The Wave oscillator above Zero-Line Momentum is bullish.
×
×
  • Create New...