The idea of shorting apple came from MikeSer in our conference call when I mentioned the huge gap between $80 to $76.
My real target for short is 82 (Fib 34) - but why not make it pass the gap and go to $75 :)
That will make the total down turn -44.25%, which is more inline with the other apple pull back.
So short Apple at 92 - with target at 82.5 and 75.5?
Long above 98.25?
But my bias is SHORT because the Elliot wave looks like 3-3-5 (with the perfectly developing alternating wave 2 and 4)
This chart is created with HPTZ methods from Triggers.ca
(my appreciation to Andrew Long who created the HPTZ method)
My real target for short is 82 (Fib 34) - but why not make it pass the gap and go to $75 :)
That will make the total down turn -44.25%, which is more inline with the other apple pull back.
So short Apple at 92 - with target at 82.5 and 75.5?
Long above 98.25?
But my bias is SHORT because the Elliot wave looks like 3-3-5 (with the perfectly developing alternating wave 2 and 4)
This chart is created with HPTZ methods from Triggers.ca
(my appreciation to Andrew Long who created the HPTZ method)
