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Apple responds: we want a cut of Amazon, Sony e-book sales:
http://arstechnica.com/apple/news/2011/02/apple-responds-to-app-store-furor-says-it-wants-a-cut-of-e-book-sales.ars?comments=1&start=40#comments-bar
See comments, too.
I'm one of those who will switch to Android if AAPL forces Kindle off iOS devices or somehow makes eBook purchases on AMZN unavailable to the iOS Kindle App, adds some kind of tax, etc.
The negative reactions from users and the press is something APPL doesn't need. Hopefully, they get it, and make the right decision.
I will delay decisions for purchase of any iOS devices until this is resolved.
$NYA (NYSE composite index) gave a hint yesterday as it moved, late session, and closed above the 20, 50, and 200 SMAs:
http://stockcharts.com/h-sc/ui?s=$NYA&p=5&yr=0&mn=0&dy=3&id=p74011831907&a=223030595
I always like to watch for the intersection of those three MAs.
$NYA (NYSE composite index) gave a hint yesterday as it moved, late session, and closed above the 20, 50, and 200 SMAs:
http://stockcharts.com/h-sc/ui?s=$NYA&p=5&yr=0&mn=0&dy=3&id=p74011831907&a=223030595
I always like to watch for the intersection of those three MAs.
Yes, this is a powerful early day market move. Buy the dip lives!
Apple Rejects 'Sony Reader' From App Store, 'Kindle' Removal Next?
http://www.macrumors.com/2011/02/01/apple-rejects-sony-reader-from-app-store-kindle-removal-next/
If AAPL removes or seriously restricts the Kindle App and expands its control of Apps in general on iOS devices more than a few will move to various Android platforms.
I suspect it will be a little thinner and lighter. Faster with more memory. Maybe a few other features, too. Probably about the same price, maybe more memory per price than Gen1.
My guesses. . .
I will buy one, too. It would be nice to have it in my paws by the first of April. We shall see.
$SPX: An intraday rally, failing?
http://stockcharts.com/h-sc/ui?s=$SPX&p=5&yr=0&mn=0&dy=3&id=p17697551293
$SPX: An intraday rally, failing?
http://stockcharts.com/h-sc/ui?s=$SPX&p=5&yr=0&mn=0&dy=3&id=p17697551293
One can also do HH, LL type charts on shorter time frame charts
to reveal intraday market turns.
. . .good for day and swing trading.
AAPL: Daily and Weekly Charts trending Down.
Weekly charts: TNA, Down; $SPX, Up
Daily charts: Both TNA and $SPX, Down
Weekly charts: TNA, Down; $SPX, Up
Daily charts: Both TNA and $SPX, Down
AAPL intraday weakness continuing. . .weekly chart Up or Down signal to follow at the close today.
http://stockcharts.com/h-sc/ui?s=AAPL&p=60&yr=0&mn=0&dy=20&id=p38527581219
Bulls live above the 20 SMA, Bears live below.
Near term support? 326 and then 320 regions. . .
I do not have an expected depth or duration for the dip apart from looking to support levels, say, 326 or so, to start. I prefer to describe, not predict.
That said, I think it's safer to be long than short, especially in view of the VZ iPhone orders starting next week, and a new iPad on the horizon.
For tracking turns on a daily chart, I like the 5,2 slow stochastic:
http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=3&dy=0&id=p69001636256
Although the McLaren Dip suggests a reversal, my impression is the daily AAPL trend is still up, and longs are safe for now.
AAPL did not make a new high today.
Intraday, it is now trending Down. Let's see how long this lasts.
Verizon iPhone orders by VZ current customers start a week from tomorrow.
Should the final stage of the "McLaren Dip" be Buy the Dip?
But under what conditions?
Happy family weekly trends are up in x of y cases?
Curious.
TNA is Daily Down, but in process of counter trend rally.
$SPX is Daily Up.
AAPL is Daily Down, but strong counter trend Up.
Apple made a local high on 19 Jan 2011. If McLaren's notion, that new highs typically occur every 4 or 5 days in sustained uptrends applies to Apple, Apple must make a new high by the close tomorrow, the 5th day, since it did not make one today, the 4th day since 19 Jan 2011.
McLaren states this relationship applies to the $SPX. I'm saying let's take a look at some other indices and stocks and see if it holds there, too.
Whatever the case if this "McLaren Dip" notion predicts better than chance levels that there's a local high in place it provides useful information for traders.
Presently AAPL has a very fine two day move, up from the local low of 326.63 on 21 Jan 2011. About 15 points up. . .most of us will be very happy with that, anytime.
On the other hand, if AAPL doesn't exceed its 19 January number by the close tomorrow, we'll get a chance to see if that day was indeed a local high, but we'll need to wait to see what the chart tells us in the days ahead.
For more on McLaren see:
http://mclarenreport.net.au/articles/
Is the top in for the Russell 2000?
http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=0&mn=3&dy=0&id=p60500792418
Does the "McLaren Dip" hold for AAPL:
http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=3&dy=0&id=p42127651353
Let's see if the McLaren Dip holds for AAPL:
http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=3&dy=0&id=p42127651353
Heywood, Yes we'll need to wait till Friday's close to update the weekly signal.
I agree, one could do a "Trade/Hold" or, in other words, add to one's position during the period of weakness, say, between 1 May to 1 September 2010.
Or, one could simply play short swings, up and down, on the daily chart following a 5,2 Slow Stochastic, as I sometime do.
Here is the period where we see AAPL is basically trading flat or sideways, but does make some very profitable moves, up and down, during that time, where one could trade 100 or more shares for some nice profits:
http://stockcharts.com/h-sc/ui?s=AAPL&p=D&st=2010-05-01&en=2010-09-01&id=p63036563962
$SPX Hourly and Daily: Up
The AAPL weekly chart now has a Sell signal.
Previous weekly Sell was 3 May 2010 followed by a a Buy on 30 August 2010.
My secret leading indicator (under development) has TNA weekly Down by 1.48 pts.
It very rarely whips. Note the big dark candle for this week.
Let's see how this works over time.
TNA near low of day.
My TNA hourly continues Down.
Very nice, Thank you!
Updated Daily Signals:
TNA - Down
$SPX - Up
Hourly Signals:
Both TNA and $SPX, Down from near the opening 1.19.2011.
Updated Daily Signals:
TNA - Down
$SPX - Up
Hourly Signals:
Both TNA and $SPX, Down from near the opening 1.19.2011.
Daily Sell signal is confirmed.
Let's see if there's follow through in the days, weeks ahead.
TZA weekly:
http://stockcharts.com/h-sc/ui?s=TZA&p=W&yr=2&mn=0&dy=0&id=p37605250031&a=221718704
How many peaks in the Sto compose short signals?
An exercise for the interested student. . .
Apple forming a Sell signal today:
http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=4&dy=0&id=p25618595720
Let's see how it closes.
Latest Daily Model, TNA, Down 1.19.2011:
http://stockcharts.com/h-sc/ui?s=TNA&p=D&yr=0&mn=4&dy=0&id=p78600693047
$SPX, nearing Down signal:
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=4&dy=0&id=p17751638452
Latest Daily Model, TNA, Down 1.19.2011:
http://stockcharts.com/h-sc/ui?s=TNA&p=D&yr=0&mn=4&dy=0&id=p78600693047
$SPX, nearing Down signal:
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=4&dy=0&id=p17751638452
The fever to trade may rise into the last half hour and on into the close.
MACD is more valuable than Slope for tracking changes in trend, IMO:
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&st=2006-07-01&en=2009-03-31&id=p05326296478&a=220756428