Tuesday, January 8, 2013

Speaking of AAPL

AAPL still looks good to make that move, the thing is it looks like it could be a bit more than just a quick intraday move as I had planned for yesterday. There are signs of positive divergences out to 15 minutes, not strong, but they are there.

 AAPL 3 min has been the mover today in the intraday charts, it also is one of the most accurate (short term) timeframes in my experience. Note the negative bringing AAPL down and then the 3 min positive that's added more today, in fact without all the drawings the chart looks really nice...

 The same 3 min chart, it's added quite a bit today to the leading positive divergence.

The 5 min is still in an overall leading positive position, it's basically because this is where the clear divergences stop that I'm looking for a shorter term move in AAPL, but as I said, there is a 15 min, although faint.

This doesn't gel really well with the AA charts, this more suggests waiting to see if the SPY makes it above last Friday's intraday highs, whereas the AA chart feels like there's more urgency to setting up or finishing setting up short positions.

As usual, we'll wait for the market to tell us, hopefully I can find that fleeting glimpse.

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