January 7, 2014

  • APPLE Daily chart trading near the rising support line from 388 levels.
  • 4 Hour chart shows price pausing at the Golden ratio.
  • Daily chart with Ichimoku cloud shows price trading closer to the cloud.

  • Dow Jones daily chart shows bearish price action after big divergence with RSI.
  • Correction is yet to test the 23.6% Fib level. Daily MACD shows a bearish alignment as shown in chart 2 and May extend the correction towards 20 Day SMA initially. 
  • BLACKBERRY Bullish price action and Resistance levels


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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