Comments on: Updates on Some Charts Posted Yesterday

By: MyLifeMyTrade

MyLifeMyTrade — Sat, 27 Jun 2009 18:28:16 +0000

You are working with the premise that the direction in which AAPL goes, the same direction NQ goes and since NQ is the leading index, it will drag ES along with it – classic case of tail wagging the dog… But the tail can wag the dog for only so long…

I am looking at it the other way, NQ looks like tired and seems to be in the process of putting in a lower high compared to early June high. I will post some charts in another post later in the day.

By: TickerStreet

TickerStreet — Sat, 27 Jun 2009 17:59:34 +0000

I am interested to see a breakdown of AAPL. AAPL is back in the channel, I doubt there will be a breakdown. So is FCX, but relatively compared to AAPL, FCX position is weak. But again the markets depend on AAPL, if AAPL is going up, there is no way the markets are going lower and neither is FCX.

So, I will be watching AAPL closely. Either way if AAPL goes up, it would have to top @ 147, which I don't think will happen.

By: bist

bist — Sat, 27 Jun 2009 01:51:27 +0000

Wow those are some bold predictions. Could you explain why you think AAPL will gap below $140 on Monday? I don't quite see how your prediction follows from the chart…