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Apple Surges Into Key Resistance Range (NASDAQ:AAPL)

Posted by Aadil on September 9, 2010 at 4:38pm

By Gareth Soloway on September 9th, 2010 11:52am Eastern Time Apple Inc. (NASDAQ:AAPL) continues to remain strong as rumors of a possible stock split float. While this rumor seems to be keeping the stock higher, it is important to look at the technical levels of the chart. The stock has risen from just over $230.00 to a high today of $266.52. This move has occurred in just over one week. In addition, the stock has now hit a double top level and gap fill resistance point. The double top level is from the gap up on July 21st, 2010, after earnings were released the night before. This price was approximately $265.15. In addition, just above this area is a key gap fill from June 28th, 2010 at $268.30. This $3.15 range will act as a major resistance level on Apple. Look for a possible short term pullback. To get more insight, analysis, guidance, swing trades and education, join the Research Center. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
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FIBONACCI THEORY - Fibonacci is the nickname of Leonardo Pisano

Posted by Aadil on September 8, 2010 at 6:00am

Amazingly, Fibonacci is the nickname of Leonardo Pisano, the renowned Italian theorist of numbers. Though he is one of the pioneering mathematicians, his discovery has tremendously boosted the forex trading by letting the forex traders made enormous amount of profit through the assistance of its technique. He was the prominent member of the Bonacci family in the 13th century and one of the greatest mathematicians of the Middle Ages. At the same time, Bigollo was another most used name by Fibonacci, which literally means good-for-nothing or a traveler. Later, this pioneer played a pivotal role in conferring significant contributions in the field of mathematics and eventually reviving its prominence. Fibonacci's father Guglielmo Bonacci was a custom officer in Bejai, an Algerian town. Before Fibonacci travelled to Mediterranean coast but his earlier education was mostly North African type. During his interaction with innumerable merchants, he later discovered different arithmetic logics and the benefits of Hindu Arabic system. This system in the course of time proved to be very valuable and replaced the Roman numeral system. The Fibonacci numbers The Fibonacci number series includes the consecutive addition of first two numbers to give the third one. For example, 0+1=1, 1+1=2, 2+1=3 and so on. So the Fibonacci numbers are 0, 1,2,3,5,8,13, 21, and 43 and so on. Amazingly, these Fibonacci numbers have their role in Forex trade and currency marketing. They aid in the charting of curves, rectangles and triangles through which the forecasting of the forex market is done.
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