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Trina Solar Limited Message Board

  • unclespeaking unclespeaking Sep 11, 2013 8:31 PM Flag

    Does Chart matter?


    Everybody saw and heard what the rotten dead fish have been telling about Apple lately since the Icahn tweet?
    Icahn doesn't make charts, but I'll bet his people do (for him). My ideal analysts are those who were supposed to call and yell when Apple hit the double bottom around 386 level, the chart was classic, a double bottom soon followed by the powerful MACD crossing (Buy Signal) to hit 430 level, retraced only 15 points on Stochastic Overbought, continued to surge, followed by the "Icahn tweet" to make recent high of $513 after all the dead fish jumping out to Upgrade. The following "correction" to $486 was followed by a Sell signal (MACD crossing down) that has not made turn yet, and that dead cat bouncing to $507 was a "Bullish Flag" they mentioned. Good Job, but Apple almost hit the 50dma again Today and I hope Icahn's jumping out today to call it "dirt cheap" may help it a couple bucks tomorrow.
    Trend is your friend, Signal is what you need to watch, even you don't like Uncle Chang you still don't run the Signal and get hit by the traffic.

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