Posted by: stockscooter | April 18, 2012

icrash Update

As mentioned in my last post, the trend line should stop a new advance in AAPL, in its tracks.  Look at yesterdays closing price in comparison to the trend line.  Nailed it exactly.

Today they gapped it above the trend line (because they can), but it’s been selling-off ever since.  Not a convincing run away gap, especially with all the short covering that went on during Tuesday’s activity.  I expect sideways action, then ultimately more downside to see lower lows.

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