Wednesday, July 27, 2011

AAPL Follow Up

As we all know, AAPL is one of the best go-to bellwether stocks for market action. Yesterday I posted, "AAPL Looks Toppy" as it displayed negative divergences from 5-30 min.

This morning AAPL is down a bit over 1% on some volume.

 This morning acton on volume.

What is a bit surprising is the two notch decline in 3C 15 min chart, that's two consecutive notches to a leading negative divergence, usually the 15 min hart doesn't move this fast.

Again, it's still early trade and a lot can happen, but AAPL's start this morning seems to reflect some institutional activity.

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