GOOG and AAPL update

I should have known … for those who have been reading this blog, we’ve seen 1.68179 come up a lot lately.  It was the extension target on an intraday basis for the emini, it was a price projection ratio (1.68179-1 – .68179) for the Pound vs USD and a host of other.  the reason I “should have known” is a piece was put out on first call to SHORT GOOG at/around 1075 and stop out above 1082 (or something like that)  I didn’t take into account the 1.68179 ratio and that’s what looks like it did it …

  • the 898-974 GAP will get targeted and ultimately should get filled.  am I expecting BIG SUPPORT w/in that entire ‘window’?  YES …
  • recent square of 9 targets shown w/ the IPO price of 95 in the center (hint hint)
  • note the 5 waves up/into the recent high
  • 33*33 = 1089
  • the Defense Index sold off nicely yesterday … not sure WHY it works, it just looks the exact same.
  • full disclosure, a short was tried at pattern completion (AB=CD) in/around 920.  we’ll wait right now, but this sure looks like major resistance.
    square of 9 targets

    square of 9 targets

    GOOG daily

    GOOG daily

    GOOG monthly

    GOOG monthly

    AAPL completed SELL pattern up against 2009 trend line.  just a tad bit higher is the .618 retrace but it sure looks like this is it for now.

AAPL

AAPL

 

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