Friday, October 26, 2012

Apple Turnover

Daily AAPL (One Year)

  • base: AB
  • Circle 1 Radius BA    Circle II Radius CB
  • Note how last rally climbed the vesica piscis XE--breaking below at pt. 'Y'
  • Decline BX is parallel to decline YZ
  • 1x1 (BD) support at current levels. If BD is broken price decline could accelerate.
  • There should be decent support at the 2x1 fan line AD. A decline to support at 565-570  would be very similar in price and time to the decline BX

AMAZON Monthly

Amazon Is a Black Hole Threatening To Devour Corporate America (Slate)

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