Replies to post #97055 on Apple Inc (AAPL)

[researcher59]

My only point is that such patterns do have statistical significance...so why bet against them?

The question is "how much statistical significance ?"

And what other factors will be significant in the future stock price action ??? Factors such as fundamentals, the broader market, share buybacks and opposing views on the technical analysis (happens all the time).

$340 is certainly possible, after all it's only down another $85 from here and the stock has already fallen $280 from the September high ! Yikes. My own guess is a $390 bottom in the coming weeks or months.

[JJ8]

Good and unbiased description of the stock market and the psychology that drives it.

[PokerVertigo]

I agree that one shouldn't bet against patterns... I'm just saying from my view of the chart, 400 was a very hard bottom of a triangular pattern... 420 - 400 was the range of bottom.. That's all I meant when I said I disagreed with you, You were saying 360, and I think that wasn't in the charts+fundamentals.

Good luck to you! Let's see who's right I guess...