Looking back to the Apple (AAPL) post of April 17th, we were looking ahead to the earnings release on the 23rd. Now that the earnings have passed (at the culmination of both the upward and downward 1X1 angles), we can see how the market reacted to this crossing of price and time. AAPL, being above the 1X1 angles at the time of the news, reacted VERY positively, and has catapulted itself off this intersection into a full-blown Wave 3. Hopefully, those of you that follow this market were prepared for this from the post on the 17th.
With that milestone behind us, we now look ahead to possible resistance. We see the downward 1X2 coming up, as well as 75% of the Gann Box. This is around the $180 to $181 range. We could see resistance come in at these prices. If we can successfully breach this level, Wave 3 will continue with strength.
Be Prepared!
nate mccartney
Nate I purchased the advanced get and just starting to get into this but I cant find the quick start set up so I cant bring up a chart and look at postions I am already in.I would like to see how they are doing. Any suggestions? Also what date did you post this about aapl this is one of our postions, Thanks Larry
Posted by: larry | May 04, 2008 at 07:56 AM
Larry, please feel free to shoot me an email with your symbols. As far as opening up a chart, just go to File, New, Advanced Chart, Default Chart. Once the chart is up, right click on it, and go to Advanced GET Studies. All of the indicators used in the strategies are listed there.
nate
Posted by: Nate McCartney | May 08, 2008 at 05:25 AM