AAPL

AAPL ‘should’ (operative word) find a support level HERE or a little lower

we all know that AAPL is responsible for a LOT of the point count out there … looking at the XLP/NYSE Index ratio and also the NYSE Index and it’s .382 retracement w/ the measured percentage move of 2000-2003 and the long term log trend line certainly looks like we should find some support HERE and NOW.

if these levels give away, it’s really not a good thing … read that last sentence again … they could very well give away. massive liquidation occurring right now. so … the “levels are the levels” but in this type of environment it’s probably a good thing to wait for a SRC on a weekly basis or something like that …

I’m simply trying (the operative word) to be unbiased and find SUPPORT levels that will stop this insanity. from there we can figure out the type of move (corrective, impulsive, etc.) and make detailed projections .. right now, am using measured moves from weekly/monthlies and then geometry to find the levels.

I am NOT advocating BUYing – just yet.

Bart

AAPL and GOOG patterns completing …

here was the geometry for the top in AAPL:

http://bartscharts.com/2013/08/20/sir-issac-newton-and-aapl-fell-from-the-tree/

here was the geometry for the low in AAPL:

April 7 2013 AAPL daily April 7 2013 AAPL monthly

as we approached the low a very symmetrical 3 drives to a bottom appeared:

dec 06 2013 AAPL bottom

the “first” top that appeared gave us a sell signal and about 70 bucks but the market moved up and higher …now, we are completing another pattern along w/ returning to the trend line on AAPL.  So, this is a very crucial juncture for the market …

Dec 06 2013 AAPL Dec 06 2013 AAPL trend line

GOOG — how UnAmerican can you get – trying to short GOOG?  Well, it’s just numbers and patterns so guess what we are “there” again w/ GOOG so after the near knockout punch of a simple 100 point gap in your face – why not?

here’s the blog of the “next” target:

http://bartscharts.com/2013/10/21/more-pumpkin-soup-added-a-new-ingredient-to-the-recipe-goog/

here’s the update:

Main20131206051946