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#1
10-08-2012, 11:58 AM
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AAPL Breaks Down!
Apple Inc. (AAPL) gapped down this morning, which extended the down column of red O's from late Friday afternoon to a new corrective low at 642.
Today's break down triggers the potential off the enclosed P&F top pattern, which projects into the 620-610 area. At this juncture, AAPL must print 650 to trigger a blue column of X's, which will represent a counter trend rally, not a buy signal. AAPL needs to climb to a 660 print to trigger a reversal buy signal today.
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