aapl had terrific earnings and after hours trading exceeded the priced in options ranges (as we posted here yesterday) for a few minutes. As high as 264.90
besides some pre markets trades above 260, we have not seen any such prints since.
of course, a needle cone like pattern of between 255 and 259 can only mean consolidation.
recent macro news including sec action against gs and speculated sovereign default over in greece can derail our markets and even shares of aapl
besides the opening gap in the daily frame,
aapl charts are solid and the counts are:
1-0 sell
9-2 sell weekly
9-4 sell monthly
compares with goog
4-0 buy
3-0 buy weekly
3-0 buy monthly
bidu reports a week from today on 4/28, probably at 5pm
3-0 buy
9-6 sell weekly
9-4 sell monthly
chiu index now holds a small position in gs
4-0 buy
2-0 buy weekly
no reading for monthly
paul
www.youtube.com/paulchiu
www.BillyChiu.com
please check out my latest short film at:
http://www.youtube.com/watch?v=IvpVFdUgu2U&hd=1
Also, latest short from Paris:
http://www.youtube.com/watch?v=taStj-7Bi18&hd=1
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