Friday, May 17, 2013

Q's Should be Next

AAPL which is about 20% of the NASDAQ 100's weight just couldn't get it together, it doesn't look like it will offer the Q's any reprieve.

 AAPL intraday had the gas to make the move, it was just sold in to any where near green. The second chance just fell apart.

The bounce cycle of the last 2.5 days, accumulation, bounce, distribution and there's nothing there left to support AAPL.

Therefore the intraday QQQ chart showing selling in to the run up-retail bit as I said earlier, should bring the Q's down as well.

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