February 6, 2011

APPLE Weekend update

  • Apple Week, Day and Hour time frames.
  • Apple week chart shown with a resistance trend line. Every time apple hits this trend line and gives a sideways move with negative bias which is then followed by an upper breakout. For the positional bear gains are limited here.
  • Daily chart is trading above 20 day moving average. There was a scare for the bulls recently when apple went close to its 50 day moving average. But stock has came back to close above 20 day moving average.
  • Hour chart shows price breaking above an ascending triangle pattern which shows a possible up move. Breaking above 348 and sustaining above this level can give 360 and above as target for AAPL.

1 comment:

  1. Martin Armstrong is quite the enigma. He was held in jail for 7 years on contempt of court, then after 7 years he was convicted of defrauding Japanese investors and received another 5 years -- added on (not incorporated into the 7 already served). I don't know the whole story, probably only a handful of people really do.

    Although he has some radical views at times, he attempts to go back into history to pull out historical examples of why "there is nothing new under the sun or moon" or Neptune squaring Uranus ;-). As far as I noticed, he is not really an Astro type guy, but he doesn't let his thinking get reigned in by the conventional party line.

    He writes with an old fashioned typewriter and does charts on graph paper, by hand. He allows me to republish any of his works as a public service. Actually he allows anyone to republish as he sees a turning of the tides and thinks the overall damaged can be minimized by more real information being available.

    Here is a link to a recent writing about the importance of Culture and the rise of China


    Also, there is a poll on Gold, please register your viewpoint