Thursday, December 15, 2011

AAPL Update

AAPL jumped and then pulled back with the rest of the market, now....
 Now we have a positive divergence that formed at the lows of the pullback this a.m. and AAPL, lke I said about the Euro just moments ago, should see some more upside, enough to make it a nice short entry, we'll see. The 5 min still has it somewhat capped.

Even this a.m. the 5 min has been negative as well as the trade since our entry last Thursday to the left on the false breakout of the triangle.

If the 1,2 min charts improve, they may bleed to the 5 min and let AAPL move up some more to make a short entry worthwhile, I wouldn't chase it down here.

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