Friday, March 30, 2012

AAPL Update

I'm pretty conflicted on AAPL, the NASDAQ and IWM haven't bounced, obviously AAPL is hurting the Q's today.

 The 60 min chart saw a lot of damage this week in to the highs.

 So did the 30 min

 The 5 min is in a leading negative position, but....

 There's a positive divergence there and after an 11 point drop today, a shakeout would make sense on the upside.

The 1 min chart shows the positive divergence too.

I think I'll wait for something that looks more solid, there's plenty of opportunities out there.

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