Similar to SPX analysis, because this is the 2nd time AAPL trying the previous high, so there’re some chances of reversal. I don’t know as I have no evidences to support up or down. The general rule is to give the bullish pattern more credit because the trend is up.
The only problem I can see now is the ChiOsc is still way too high and this is the main reason I cannot exclude the possibility of Double Top mentioned above.
Well, let’s wait and see. I’ll keep updating my view on AAPL, stay tuned.
March 10, 2012 at 9:05 pm
Thanks Cobra …Very interesting.
March 11, 2012 at 1:02 am
Hi Cobra, Thanks for the Apple analysis. I’m another Bullish Cross subscriber referred by Andy Zaky. Great to be here!
Steve
March 11, 2012 at 11:51 am
Thanks! 🙂