Friday, January 25, 2013

AAPL Stop Run

If I had to guess, I'd say that any move in AAPL, Tech and the Q's to the upside will likely start early in the a.m. although watch out for AAPL gap up openings as they seem to always get sold.

Toward the close tit looks like the market maker decided to take advantage of any day traders exiting or short term traders wrapping up positions before the weekend and run the stops, remember that Japanese video game that was mistranslated? "All of your shares are belong to us !!!!"

Why do I say this? Well unless it was an op-ex pin, which I doubt, these charts seem to clear things up.

 The 50-5min moving average is the one short term traders watch, note volume pick up as price crosses above the average and how it spiked as price crossed below and below the afternoon range/support. That makes it easy to accumulate because you have better prices, but more importantly, you have supply which is hard to come by in size (at least in their size).

 The 2 min seems to show a plan ahead of time, either they were selling some shares to pick them us cheaper or doing just enough to remove some support from AAPL, but there was no downside 3C confirmation, it stayed positive indicating the shares were most likely accumulated.

You also don't have a longer 5 min chart look this good all day to start a tiny sell off at the end of day and dump shares.

Just watch the support/resistance areas, the volume and 3C if you have it.

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