Wednesday, January 29, 2014

AAPL Charts

There have been quite a few developments on AAPL's charts recently, it all started with 15 min negatives in early and late December, but the longer charts had not gone negative until recently, when the 30 min went clearly negative in to the late December divergence near the price highs. I'm still not convinced for a new long term core short position, perhaps a bounce from here would clear things up a bit, but for now, this is what we have,

 Since the gap down (Also considering the QQQ has been giving some better short term positive signals than most of the averages and it would have a hard time making good on those without AAPL's cooperation) AAPL has gone from a small positive divergence to a leading positive intraday.

Also note the nice flat range, I often compare this to, "The kids being too quiet in the room next door, you know they're up to something". A run on stops at $500 where we have a clear range would be fairly high probability, especially as the range is more defined. I didn't want to take a chance waiting on that considering what I might save in premium.



 The divergence usually gets stronger as it moves along and migrates to longer charts, this 5 min is leading positive as well.

The 10 min chart goes negative just before the gap down and positive since.

This daily chart shows there's some clear trouble brewing in AAPL, we saw charts like this when it was +$700 and warned plenty of times before it lost -45%.

The same trend version of 3C is showing a clean leading positive on a 10 min chart, even timeframes  longer actually, but this should be enough for the trade I'm looking for.

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