Thursday, August 16, 2012

AAPL Charts

 AAPL 1 min should see confirmation on a 1 min chart of an intraday move, but when it fails to keep up, goes negative and leading negative, something is going on.

 Note there's no positive divergence that started this move, this is pure market correlation, I try to make this point often that the most powerful force on any given stock on any given day is market direction and how traders always look for trades in a backward way, they look for the stock first without understanding the market first.

AAPL 15 min

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