Tuesday, September 21, 2010

Our Patron Saint of the Market ...AAPL

Just hit a support level at 11:03, the volume confirms it. Not surprisingly the SPY heads up with AAPL.


3C 5 minute tracked yesterday's trend in AAPL pretty well, you can see the first negative divergence at the top sending AAPL lower, it's now in a leading negative divergence. I would think AAPL may be forming a top here of at least short term duration-maybe $284.50-$285?

Keep an eye on AAPL, as AAPL goes, so goes the market.

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