Saturday, May 19, 2012

4:00PM, Are we there yet? Maybe.



(Green Apple) AAPL is currently in an intermediate-term downtrend / consolidation period.  Downtrends, however, can contain upwaves.  Watch for potential countertrend retracement this week . . . (Expand this post for a second weekly chart.)

AAPL Weekly Chart with Fib Retracement Levels
as of 05/19/12

AAPL Weekly Chart with Corrective/Impulse Waves
as of 05/19/12


- Green Apple