Sunday, June 24, 2012

11:55AM, AAPL EW

(Green Apple) I could be completely off-base, but the EW count looks very bullish to me . . . as in, that may have been an overthrow we saw on Friday with the break of the lower ascending trendline in the rising wedge, especially given that on the retest, we broke back above that trendline.  As always, we'll have to see what develops in real time, curb our directional biases, and wait for confirmation one way or another . . .

AAPL One-Hour Chart as of 06-24-12