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Apple Inc. Message Board

  • dave72picks dave72picks Jan 18, 2013 9:16 PM Flag

    Fibonnaci levels

    well with a blow out we have a shot at the 590 level. That is also the 200 day. And the 200 day was a magnet for the stock last quarter after they guided down. Point being it could move to the 50 day average prior to the earnings ($537), and to the 200 day, or 50% fib retracement level currently at $596. I feel like the deck is stacked against the long side of the trade, even with great earnings, everyone is so mentally exhausted from this going down for 3 months the exits will be packed. If it jumps to 590 who is not going to get heck out and let things settle down??

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