Wednesday, September 12, 2012

AAPL Charts

If I were younger and still lacked that sense of self-preervation you start to acquire in your 30's, I'd probably be setting up an AAPL day trade (long) right about now. After capturing the charts for this post and having a closer look at AAPL, nothing said since yesterday or in the previous post has changed as to my opinion. It looks very much like an AAPL move up is being set up and it looks like the probabilities are very high that it will be sold in to in a big way. The only question that remains is timing, this could very well be a very sharp turn around as this entire cycle (yet to start) looks 100% engineered. For those who are very nimble, I think some very nice trades could be made in both directions and it is not highly likely, but it is possible that both could be executed within a day.

 1 min with a new leading positive high that started at the 11 a.m. dip.


 OVerall relative positive 3 min divergence, you can also see to the right that the 3 min chart has gained ground since yesterday.

 5 min relative positive divergence

 5 min intraday since yesterday at a new leading positive high

 At 10 min we do have an intraday positive, but within the context of a much larger leading negative divergence. I would not consider the 10 min timeframe to be a strong signal at all.

 The same situation on the 15 min chart.

At 30 mins all AAPL positive activity stops. We have sen hourly charts give positive signals in less than a day like GLD on 5/31 for 1 6% move the next day, so it's not a function of the indicator lagging, the underlying activity is just not there.



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