The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at
I am always open to questions, comments, or suggestions on how to improve this blog.

Tuesday, June 5, 2012

AAPL potential

Just food for thought regarding AAPL
The weekly (right chart) bounced off a 38.2% Fib. retracement with a stark reverse divergence (2c-2d setup).  What is transpiring on the daily chart (left) is the potential 3d criteria which sets up the higher time frame follow-through.
Points for consideration:
  - Price holding the 50% retrace (roughly $555)
  - A breakout above the overhead down trend line leading to the $581 resistance mark.
  - First Fib. target of a 50% projection near the $608 level.

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