Friday, November 9, 2012

Quick Market Update

Something's not sitting right with me about this move, the Q's especially and Leading indicators aren't confirming. The move since the small consolidation has been very thin like  short covering, but we are really no where near a real short covering zone yet.

Furthermore some of AAPL's intraday charts are going negative here. I'll update them in a few minutes.

 the earlier negative and small consolidation, the 1 min is still negative. This is the kind of momentum we look for on a head fake move, this just isn't the right area.

This last move since the consolidation looks like short covering, but very thin trade, I don't like it much.

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