Thursday, October 11, 2012

AAPL Update

I'm actually a little excited to open a new Call in AAPL, so far AAPL is making progress, as I noted earlier, it will take some lateral consolidation for the divergences on the short timeframes to build and they are, but when the signal looks too good to pass up, I expect that's when I'll open a call.

 AAPL 1 min

 The 2 min is showing progress.

 The 3 min is showing the most progress, leading positive in a big way, if the 5 or 10 min looked like this intraday, I'd be opening a call now.

The positive divergence is spreading to the 5 min chart as you can see in the white box, I suspect price will stay within a range like the yellow box as the divergences build.

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