Thursday, February 16, 2012

AAPL Update

AAPL is notably lagging the NASDAQ 100 today, some other interesting observations...
 AAPL forming a bear flag today after yesterday's break...

 The channel that held AAPL's move up for almost 3 weeks broke yesterday, on this timeframe AAPL would now be considered a swing short and has stayed below the upper trend channel which would be the cover signal. Interestingly, as AAPL broke down yesterday and today, its ATR has more then doubled from about $2.50 to $6.00. Also you can see the decline in the "Close within range" indicator.

 AAPL 3C at yesterday's break and in today's bear flag.

The 2 min chart in the same timeframe.

This appears to be a solid break in AAPL. A move below $133.75 breaks the Primary trend.

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