Apple found itself on channel support a month ago and the “Power of the Pattern” suggested to buy it on key support… and we all now know the rest of the story (see Apple opportunity at $320)
Another opportunity at hand in the chart below? What would you do at (1)?
CLICK ON CHART TO ENLARGE
I plan on posting the answer to this quiz on Friday. If you have any thoughts on what action you would take at (1), opinions on the pattern or would like to know what the pattern happens to be, feel free to email me at [email protected] I will get you the response as soon as I can.
Bob…
Thanks for the kind words. Just attempting to “enlarge portfolios regardless of market direction.”
The quiz of yesterday reflects a quality company that has declined over 30% in value over a few months and is on rising support. The pattern looks much like Apple. Premium members picked it up a couple of days ago and it is breaking out and looking good.
Was amazing that some friends took the power of the pattern, bought call options on Apple and made over 100% in a couple of days. I don’t care how anyone uses the research, per the tool they feel good about using. It just reflects that the Patterns can help in a world that invloves way too much confusing info!
Appreciate yours and everyones viewership.
Chris
All I can say is: Amazing call! Guess you can rack me up in the group that said: coulda shoulda woulda never did! (next time I’m in) What I was really looking at was your second chart that has AAPL breaking out of the channel in September last year after QE 2 was announced. We have NO QE 3 this year and it seems like there is alot of profit taking. AAPL had a great run and the most amazing 2nd qtr earnings announcement, however, I don’t think we have the legs to get to 430. Wonder if the money flow index of the majoe indexes has any hidden secrets for us?