Wednesday, October 3, 2012

10/3/12 - EOD Update

15 Min
We should probably see whether the wave structure commits to the green or purple option tomorrow.

Green is looking for a 3of3 move higher out of the descending channel. Purple is looking to drop in a wave (iii) of {c} of y. It should be noted that y=w at 1412 and .618*w at 1430.

Bulls do need to prove that they can break out of the descending channel.

AAPL 60 Min
AAPL broke out of the TL and the 60 min +ve MACD divergence has been confirmed. It is possibly looking to form that right shoulder some more. 680 would equal the left but it does not have to make it there.
blog comments powered by Disqus