Picking up where we left off Thursday, AAPL has spent this morning whiplashing traders at several resistance/support levels including Thursday intraday lows, especially the Apex of the triangle mentioned on Thursday and a few other intraday resistance areas.
I have a quick cumulative volume indicator I use (it's especially helpful in confirming patterns like H&S tops/Bottoms) and if you have TeleChart or another Worden product, the formula is a simple custom indicator with the following " V+V1 " and you have it.
A stock that's healthy should see rising volume on rallies, falling volume on declines, the exact opposite of AAPL's action this a.m.
The white line is cumulative volume, you can easily see what I'm talking about. This is typical early action taking advantage of stop, limit orders. I'd think they'll dry up soon and we'll start to see something more like a trend establish.
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