AAPL Update

This is one of the stocks that I was hoping last week, would bounce in to negative 3C divergences giving us an opportunity to open a high probability, low risk short trade, or perhaps something even longer.

Here's the full update and why we may still get a chance...

 This is a weekly Heiken Ashi chart with a downside reversal signal. Note the volume by price to the left...

 This is the weekly chart, notice the expanding volume on the rise in price BEFORE 2009 and the decline in volume after 2009 (QE).

 Note the trendline of price, a nice clean, stable trend, then the increased ROC in price that leads right in to a top, we have a similar situation right now.

This is the 60 min 3C chart, I've been watching AAPL for a while, the 15 min chart was horrible, but the 30/60 min weren't negative, they are now so I'm interested.

 This is the 30 min chart from in line to negative

And the 15 min chart that started it all, thus I'm interested in an AAPL short, I was looking for a bounce to short in to.

 I was thinking this 5 min chart would develop in to a stronger positive, it's not all that strong as of right now, but it still looks like we could get out bounce.

The intraday 2 min also suggests the same and..

The 2 min intraday has a small positive, it looks like it can barely get price above yesterday's close, but with the 5 min intact, we'll see what we can get out of it to set up a nice position.

The 1 min looks similar. I'm going to set some alerts for this one and see if we can't find a decent entry, this looks a lot like a counter trend bounce on a daily chart, they tend to be sharp and convincing looking, but they ultimately resolve to a lower low (daily chart), thus AAPL looks like a pretty interesting set up if we can get in at the right place.