It almost never fails, whenever Technical Analysis set ups like the one in AAPL today (break below support/neck-line) show up, the obvious trade according to Technical Analysis is obviously wrong as they (Technical traders) have technical analysis turned against them.
The Complex H&S top posted yesterday, which could also be a broadening top, it depends on how the signals play out. Today we have a break below the neck line.
The AAPL 5 min chart has a relative positive divergence, but I think that is more coincidental, and a positive divergence today on the break of the neckline. As shorts (as few as they may be as all love AAPL) sell, it makes it easy for the pros to accumulate those shares or supply.
And this is why I don't like the obvious short set ups from the T.A textbooks, too many people all doing the same thing for way too long.
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