Wednesday, January 16, 2013

AAPL comments

AAPL - Chart Link - as you know AAPL is up today, it was nearing the uptrend line on the linearly chart

AAPL - Chart Link - 15 min chart has a wedge pattern, which is playing out

AAPL - Chart Link - Here's a daily chart and potential wedge scenario - under this scenario AAPL could push higher to fill the gap above, then have another pullback in the wedge, this would be be 5 waves for a much more complete wedge and under this scenario AAPL would still form another low after this bounce is complete.  Obviously earnings next Wed could make or break the chart if the gap is sufficiently large.

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