Friday, August 10, 2012

AAPL

So here we are, looking for a head fake move and the market moves up as we have been waiting for on no news, what are the chances?

Here's the update

 AAPL has went in to a triangle consolidation, this has bullish implications for more upside, but it too could be head faked and sent lower instead.

 The 1 min chart starting to show some of that negative activity we want to see in to the move up to confirm a head fake, but I think we already have so much other evidence, I personally would just want to try to get the short trade off before the close.

 The 2 min chart is in line

In the last AAPL post, this is the area I meant for a head fake to be truly effective, above the triangle highs, I don't know if we get that, at least today. Perhaps a carry over in to early Monday...

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