AAPL Update

Patience may pay off if you are looking to initiate short in AAPL or like me, an add to.

Being we expected AAPL to be the final word on the market and being there are still several target zones that we'd like to see, but still haven't quite made it to yet, this update I think is very interesting.

 AAPL hasn't done much today, most likely consolidating yesterday's gains. The market can consolidate in two ways, through a pullback (price) or through time (price patterns like triangles, rectangles, etc). I like the looks of AAPL's volume as far as the short position goes.

 Talk about some intervention on behalf of the market ! A very nice leading positive 1 min.

 When the chart is correctly scaled, you can see the extent of the leading positive move today. One other thing that I started pointing out last night, the accumulation zones. In this case AAPL's first accumulation area as around $565-$572, AAPL dropped further from there to the $550's area. This just goes to show, Wall Street is not taking a loss on their planned cycles, even accumulating at a higher area (because AAPL is so large it takes more time and they will do it in to price weakness), AAPL is significantly higher and in a day.

This is just a point I'm trying to make with regard to some other positions or future positions.


 2 min leading positive

 Just for confirmation I took a look at the 3 min which I rarely use, again leading positive.

The 15 min was the basis of the view that Tech would take over, this formed before AAPL reported. There;s even a bit of a leading component here on the 15 min, so I think the chance to initiate a position or ad to one at higher prices not only in AAPL, but in many of the stocks we are looking at (because of AAPL) looks a lot better than it did earlier today.