Friday, March 9, 2012

AAPL Update... This looks like it...

Thi is one of those moments, I'm working as fast as I can to get it out to you...


 The closing high for an APPL head fake move would have to be above the previous close of $545.18 to draw suckers in, we are in that area.

 The last time I saw an AAPL head fake move coming this is exactly what we saw, Bollinger bands pinch in to 3C weakness- (although as you may remember I was looking for a bigger one, but didn't see how it would be possible as the Bollinger Bands were so tight and then the next morning we got the head fake move-small, it brought AAPL down 2.2% on the day, it's the bigger move I've been looking for this week at least on a closing basis)

 This was Monday's head fake move in AAPL I wrote about last Friday after the close and Sunday night, note the Bollinger bands, just like now, pinching.

 3C was weak during that last move on Monday in the yellow triangle, right now it is even weaker, however...

 The same chart as above zoomed in tight on an intraday basis, is showing the intraday divergence it would need to send AAPL higher, especially with the Bollinger bands pinched.

 Here's the 2 min chart with weakness going in to Mondays smaller head fake move, this timeframe remains leading negative.

 Zoomed closed you can see a negative divergence thought out today.


 The 5 min chart is leading negative and weaker then Monday

A closer view shows the wekness today.

This is essentially nearly the perfect set up for what I'm looking for, a price move in to 3C weakness, the same as Monday just on a bigger scale. The 1 min chart positive divergence is an intraday chart, it's just a primer to get the move under way, it's not indicative of strength.

Lets see what happens.

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