Sunday, 26 June 2011

AAPL - headed for 290 support ?

well Monday did turn out to be a low (see last week's post re 4 months cycle).The chart still looks quite risky though and more time may be needed for the overbought condition to unwind if the long-term trend is to reassert itself.I think a move down to 292 (sq of 9 vibration) or 287 fib retrace seems likely.288 is 2 times the square of 144 so that should add support too.289 is the square of 17.


   


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