Friday, March 30, 2012

AAPL off to an interesting start

And maybe more interesting is the trend... Especially considering AAPL is pretty much the market.

 AAPL 30 min trend from this week's early highs. I know it may be hard to see, but at the left there's a triangle on 3/27, then the breakout above and the failure below.

 Here's the 60 min chart with an important level of support, note volume.

 That same level on a daily chart, a move below that level should put AAPL in to a long last reversal.

 The short term 1 min 3C chart

 The 2 min chart

 The 5 min chart, note AAPL's trend from the negative divergence at the high.

 The 15 min chart leading negative.

 The 30 min chart with a 3C downtrend about to make a new leading negative low.

And the hourly chart leading negative, about to make a new low.

I may have let go of my puts a little too early. I'll be looking for any intraday strength, if the recent cycle keeps up, watch the $USD just before noon.

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