Thursday, March 22, 2012

AAPL

AAPL is nearing support.

While we have this chart up, remember I said earlier AAPL longs are die-hard, well this triangle is an ascending triangle, it's  bullish continuation pattern except in the wrong place, it should come after a move up, not down. However the pattern alone is probably enough to get AAPL longs to BTD. The move below the apex would have stopped some of the traders out and thus you have the manipulation of technical traders. Even if AAPL runs to $610 from here, those longs were stopped out and this is the way the HFTs make money in a market that has Billion of dollars less money in it each week.

No comments: