Wednesday, October 31, 2012

AAPL Update

There are so many things to look at in the last hour of trading it's unreal, but we can't miss AAPL which added to some impressive timeframes today.

 As for daily closing candles, Friday's Hammer on volume was a nice reversal candle, today's doji star also fits well with Friday's candle for a candlestick reversal.


 AAPL added to leading divergences today alone such as on a 10 min chart

 A 15 min chart which is more impressive.

 And a 30 min chart, even more so.

 Intraday the 2 min chart is pretty much in line, it doesn't look like there's any strong bias toward the open tomorrow.

The same is true of the 3 min which is positive, but intraday also in line with the trend.

Ultimately AAPL looks better than you'd think by looking at price only, how the last day of the month effects the flows, I don't know as the T+3 rule is still in effect for funds.

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