if I may jump in....the same kind of moves will be expected, just at a different price range.....also, the absolute changes will grow to equal old percent moves.........a 5% change at 700 is 35!!!!.......at 600 it was 30..........
kind of like when I said 700 is the new 600.....I expected similar supports and resistances, but 100 bucks higher.....and that's what happened....
after 700 is taken out with confidence, it is onwards to the next level!!!
Maybe I used the wrong choice of words when saying "scaling the percentages down". All I was trying to say was that a 40-50 pt swing a year ago does not have the same equivalent today in terms of percentage. All I asked was to look at AAPL 1 year ago and find similarities, that's all.
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