for this week, goog must close above 389.49 to maintain a 1-0 sell on the weekly frame.
it is also currently on a 3-0 sell monthly count. both healthy if sustained.
for this week, aapl must rally from here to close above 123.90 to start a 1-0 sell weekly count.
aapl is on a 3-0 sell monthly count as well. aapl is what i call, on the bubble at this moment.
paul
Hi Paul,
ReplyDeleteLong time no talk! I hope all is well with you. I can't believe your son wrote a book!! I remember watching the videos you had posted here of his piano playing. What an amazing child he is...
AAPL on the bubble...sigh...yes, looks like that bubble is a little bit deflated at present. So the close of 122.50 establishes a new downtrend? What would the downside target be?
I'm very disappointed with how this week ended--and it got off to such a promising start. I may sell AAPL on Monday, I'm not going to sit still for another long decline. And I don't trust these markets, but I'd love to get your take...
what's your opinion of the markets?
Every rally this week, save Monday, died on the vine. The dollar diving, gold rising, the US credit rating threatened...news has been relentlessly bad all week. Honestly I'm starting to get really scared, again...
GOOG looks like it is still intact, though? And do you have any thoughts on RIMM?
I feel it is time to go to cash or get defensive in some way...but maybe the bull has life in him yet. Thoughts?
Take care, see you over on SI!
Best,
Kate
hi kate,
ReplyDeletei haven't been anywhere but working on his book over the last few months.
as of today, we finally have the cover proofs approved for his 1st paperback edition and ISBN numbers established.
[img]http://www2.zoto.com/paulchiu/img/1024x585/e32d0fcf107816246ff9521962e34a35.jpg[/img]
it's exciting but most everything i placed in the back seat.
i'll study the charts tomorrow and put some notes here.
have a good weekend kate and come back here or to billychiu.com
paul