Tuesday, October 16, 2012

AAPL/Market Update

AAPL and thus the market, look like they are ready for that pullback now which I don't view as a big deal, I'll show you why in AAPL as the market is definitely taking its lead from AAPL today as seen in the Q's vs other averages.


 AAPL 2 min negative divergence should pull AAPL back intraday, in fact it has already started to a degree.

 There's no damage at all on the 5 min chart so this looks like an average, normal pullback.

The 30 min chart shows the strength AAPL still has in reserve to push higher.

In any case, the market should follow along with AAPL.

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