Friday, March 23, 2012

AAPL to take another shot at support?

 AAPL a 3rd shot at support?

 Since the 21st's divergence, AAPL has been roughly in line with 3C, which means trend confirmation and the trend hasn't been all that bullish. There have been a few minor divergences on the intraday charts, but nothing large like the 21st as of yet....ON THE SHORT TERM CHARTS

 AAPL intraday 2 min chart, again, mostly in line with trade.

 However the longer charts starting at the 5 min has seen deterioration.

The 15 min keeps adding to the leading negative divergence. Even if AAPL can manage a bounce on the short term charts, these longer term charts are more influential as to the trend, it's like "Rock, Paper, Scissors", the short term charts are paper, the longer term charts are scissors.

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