Wednesday, May 16, 2012

4:46PM, AAPL analysis

Counting 540 target as completed. I no longer have confidence in my third target of $530 from staircase target chart. I see a bottom near here already.

(click on link for those that have monitors less than 1920x1080 it's an uncompressed image)



Reasoning for no confidence in $530. Oversold RSI, odds are not good for $530, most people that shorted took some profits by now.

 http://i.imgur.com/cZh6E.png
(click on link for those that have monitors less than 1920x1080 it's an uncompressed image)



-Red Apple
(fixed error image 1:28pm May 17)