Showing posts with label AAPL Forecast 05-17-12. Show all posts
Showing posts with label AAPL Forecast 05-17-12. Show all posts

Monday, May 21, 2012

AAPL Forecast 05-17-12 UPDATE

I commence with my gratitude to The All-Knower

I had alerted you with AAPL forecast that AAPL, is going to shoot higher.

Well today, AAPL has rallied over $25 or almost 5%.

Would that satisfy as a strong rally in your books? It does in mine...!

Thursday, May 17, 2012

AAPL Forecast 05-17-12

I commence with my gratitude to The All-Knower

AAPL has dropped despite the blockbuster earnings reports. It even gaped up the day after the earning announcement only to have all the gains attained by the gap and then-some. It has started the decline since, I noticed that $644 was trigger point the price cycle and time cycle squaring. See my forecast posted herein the blog. It was trading at $634+ range. Not only it dropped to my first target range of $90 but, it also respected it with only missing by one dollar price difference.

Thanks God for fulfilling another one of my forecasts.

Nevertheless, AAPL had continued its decline even after monstrous earning report and today, it has touched an extension of Fibonacci sequence, which has strong co-relation with reversal into the price of an equity or commodity. AAPL has extended its drop to 127% of its initial leg down from $644 to $555. Thus completing a price cycle. Furthermore, it is happening within the time frame CIT (for turn in the trend). Thus, I expect a strong rally from hereon..! (once the low of the today's are intact and not violated)