Wednesday, December 28, 2011

AAPL Update

 AAPL accumulation/distribution cycle...

 30 min Trend Channel long stop out..

60 min Trend Channel long stop out and ADX crossing below 40 signaling the end of the uptrend.

As the market could very well bounce, I would be looking for some strength in AAPL and maybe enter in a phased manner.

AAPL below $400 should be a pretty decent area to add a little more.  AAPL below $395 (so long as 3C confirms) would probably make for a good entry on the last 1/3rd position.

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