Josh Maher
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Josh Maher in Josh's value investing,

How far can you stretch an Apple?

Here’s the daily aapl chart, showing the price approach to the upper 3 sdb (576), but more importantly, where the wave ‘v rally will be equal to the wave ‘i rally that was the September rise.  There was a chance the Oct. high was that completion, but the market wanted a more orthodox-looking pattern.  565 +/-15 is where the symmetries within waves and Fibonacci relationships complete.  The rise from the 380′s is clearly corrective (so far only 3 non-overlapping waves), and should be erased in the next wave down of larger degree, below 300 in the coming 12-24 months.  For those that are looking for high confidence shorts, here’s another one.