Thursday, May 16, 2013

AAPL and XLK Charts

Things happen so fast when the herd stampedes, again AAPL is the best recent example coming off all time highs at $700+, when this happens, it's pretty much too late to get in as they just start selling any strength and then they just start selling regardless of strength and that's how AAPL lost 45% in 7 months.

AAPL right now, I don't want to enter puts yet because to me it's not ideal, it may not be ideal if the stampede comes.

 I don't have time for a lot of comments with everything moving so fast and trying to determine what exactly it is. AAPL 1 min is showing fast, strong distribution and it barely bounced, this is the HYG effect I was looking for earlier in the week to tell us about sentiment.

 The divergence has to migrate, looking that bad that fast, I'd think it will no problem- 2m

3 min zoomed out

3 min intraday

5 min

XLK-Tech Sector
 1 min-EXACTLY like AAPL, being distributed hard here

2 min migration

3 min

3 min trend with a head fake break pout likely as resistance was well defined.

5 min


Big picture 60 min

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