Monday, May 16, 2011

Member Question About AAPL/GOOG Freefall

While I haven't looked into the GOOG chart yet, todays extraordinarily busy with emails, the AAPL question is a bit simpler to answer.
For those who have been trading AAPL, you'll probably remember, I've been expecting AAPL to fall back into the channel for sometime now, which it has today. It's likely to see a move toward the bottom of the channel shortly.

Here's the daily AAPL 3C chart, it never made a higher high in 3C despite price doing so, major negative divergence on an important timeframe.

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