Monday, March 28, 2011

Reversal Upon us?

Well the AAPL bomb scare in the Sacremento Campus would certainly be an event that would allow the locals to start the downward process, sometimes news is beneficial to them.

Take a look at the charts, they are what I expected to see Friday.

 A typical daily candlestick reversal pattern.

 SPY probably reacting to the scare at the AAPL campus. Support is broken and on volume!


 5 min 3C/TSV charts looked really bad today...

 The 10 min chart looks horrible

 And here's the 15 where most reversals happen, it really went downhill fast today.

And the TICK chart showing how bad it is in the market.

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