December 25, 2011



  • Apple is approaching resistance levels.
  • Recent Attempts to stay above this resistance level has failed.
  • Now there is a GAP between 409 - 415 level which might act as resistance.
  • Even if price manage to get above this level the developing negative Divergence will make it difficult for bulls to survive at higher levels.
  • Long term trend of Apple is still up which might change the above view.
  • SPY MOVING UP WITH DECREASING VOLUME

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore