Apple: What the Fibonacci Queen whispered to Cramer (video)

A primer on Fibonacci levels, and a prediction that the next run could take Apple to $243.

Cramer: Charts suggest Apple’s stock could bottom this week and then soar to new highs from CNBC.

My take: Can’t think about this now. The UPS guy just handed me my new MacBook Air.

4 Comments

  1. Fred Stein said:

    Has the Fib Queen tested her algorithms on other stocks who have bought back 25% of their shares in the few years and will buy back 30% more in the next few years?

    Caveat: My percent estimates are conservative.

    1
    November 7, 2018
    • S Lawton said:

      IBM didn’t make as great an investment but it did buyback $50 billion and Warren Buffett initially cheered the buybacks but sold out after the shares languished for years. Buybacks are not the be all and end all.

      0
      November 7, 2018
  2. Martin Beutling said:

    How lucky we are, that Fibonacci thought about resistance levels some centuries ago while he found that famous group of numbers named after him….

    couldn’t care less….

    0
    November 8, 2018

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