AAPL Follow Up

Other than yesterday's AAPL "Symmetry" post, or the positive divergence on the break of important support,  the market using Technical Analysis against Technical traders, and initial breaks of support commonly being shaken out, we have one more concept found in AAPL's daily data that tends to work very well.

While there are often reversal candle formations on a chart that lead nowhere, add increasing volume to that candle signal and they tend to be VERY reliable. As long as it's the right reversal candle after the right trend (a true reversal candle has to follow the trend it's reversing), if the increasing volume is there, these are just as useful as any reliable signal in the market.

The only caveat is a reversal can't be quantified or qualified, whichever way you want to describe it, you can pretty much count on a reversal the next day, but you can't predict by this method alone how long it will last.

Today we have a "Hammer", remember by the saying, "Hammering out a bottom" and increasing volume and AAPL ends the day just in the green after having broken an important support trendline and moving down most of the day.