Tuesday, February 5, 2013

AAPL + SPY

AAPL - Almost a 20 dollar reversal today, not bad. The exact figure for this run is $17.52  lows to high. Jan 28's bottom was a $17.35 reversal. However, today's reversal did not retrace 38.2% intraday compared to the Jan 28 incident. 435 was the True Bottom tomorrow shows commitment . AAPL has been easy to predict these two weeks compared to SPY. Break above 465, immediate target is 480-485 within 10 trading days.




SPY - The downtrend did not continue today, rather it made a higher high by a nudge. However, today closed with another top formation signal.