Monday, August 27, 2012

AAPL Update-Patience

I'm still waiting to add, the break below the small intraday triangle today doesn't mean much to me, the Bollinger Bands (10 min) do.

 It's difficult to give a target, the best I can do is use the larger triangle's measuring implications which gives us about $690, which would be great if the charts keep moving the way they are, that's why I don't believe in this move, especially not this early in the day.

 I'm guessing we just get a bigger triangle.

 Look for a reversal at the moving average and the 10 min BB's to compress and pinch, then look for a move up and we'll watch 3C.

3C charts coming next.

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