Apple has entered a corrective wave as I suspected before here not long back:
http://markettechnicals-jonak.blogspot.com/2011/04/apple-charts.html
We take a look again at the charts below:
We see that 2 was a simple ABC zig-zag. Expect this 4th wave to be a complex corrective wave.
Looking at the short term chart below:
The very important sky blue trend line support was broken today . But I dont think its going down fast just now. It has got a cluster of supports shown by the dashed green lines the last of which comes at around 315. If that breaks , the the move down is going to be fast . The next important trend line support is shown by the orange line.
Thanks.
http://markettechnicals-jonak.blogspot.com/2011/04/apple-charts.html
We take a look again at the charts below:
We see that 2 was a simple ABC zig-zag. Expect this 4th wave to be a complex corrective wave.
Looking at the short term chart below:
The very important sky blue trend line support was broken today . But I dont think its going down fast just now. It has got a cluster of supports shown by the dashed green lines the last of which comes at around 315. If that breaks , the the move down is going to be fast . The next important trend line support is shown by the orange line.
Thanks.
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