Monday, August 5, 2013

AAPL charts....

As you probably know, for a long time I've expected AAPL was working on a base to make a counter-trend rally  after losing 45% on the downside from all time highs at last year.

I don't want a longer position in AAPL short now because of that.

 Daily chart with the bear market decline, a base and what I've expected to be a counter-trend rally that will eventually fail.

AAPL 4 hour and this is why I suspected a base a long time ago here.

Meanwhile, the 1 min negative.

2 min

5 min

and 10 min

I've been watching more for QQQ indications, but this looks worth a speculative weekly put.

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