April 15, 2012

CHART-II
  • Apple hits the bollinger band as discussed in the blow chart. For bears price closing below the lower bb line may extend this fall. Closing above it may give a pullback towards 20 Day SMA again.
CHART-I

  • APPLE Daily chart closing below 20 Day SMA should target the lower Bollinger band in the coming week.
  • MACD sell signal has worked well so far. Price sustaining below 20 SMA should extend the fall towards the next support levels which is shown in the last chart.
  • S&P 500 WEEKEND UPDATE



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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