Thursday, January 10, 2013

AAPL Charts

Here's the last AAPL update from today so you can compare and see the 3C differences if you are interested.

Now lets see if we can get a decent gain on those Feb. Calls.

Here's the chart update, also you'll see where multiple stop (BTC) levels and perhaps some limit orders were as these levels are always predictable, because Technical traders are predictable and AAPL is a large bellwether that everyone is watching. The point is this is why I don't like leaving any orders with brokers as you are showing the world your plan/position as well as the predictability of stops at support and resistance levels, yes even intraday.

 The first 3 resistance areas where stops would be placed, probably a few buy orders too.

Now check out the 1 min chart of volume rising as it hits each resistance level. Honestly, support and resistance aren't exact levels, they are zones, except for Technical Traders, then they are exact, but the mechanism that creates the areas dictates they are areas (broadly speaking) rather than exact levels.

 The 2 min chart, note the divergence pivots at each of AAPL's lows today.

 3 min didn't quite make the new high, but it looks better and was in leading positive position most of the day.

 The 5 min chart which is the shortest timeframe where we first start seeing real institutional movement has been in good shape and leading positive nearly all day.

 This is a 15 min chart zoomed to an intraday basis, the divergence actually hit as far out as 15 mins intraday, I still consider it a short term move.

I might as well show you the 15 min chart that I have mentioned that may build a nice long in AAPL, the distribution is obvious, 3C confirming price by making new lows with price at the green arrow is perfect, then a leading positive divergence through December . I'm not sure how this plays out tactically, but right now I see it as trend 3 and if that's the case, it would likely be huge by then.




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