AAPL + DJI, GOOG Technical Analysis

AAPL - Price finally confirmed for the bears, we broke below the $440 region decisively and it momentarily reached the immediate target of $435 and lower. Obviously, this is a continuation pattern for more downside. However, we are on the lookout for possible intraday reversal once the Hourly RSI is equal to or below 25. Intraday reversal just means an intraday bounce (small or big), which means it doesn't necessarily have to hold or/and continue higher. [NOT A TEMPORAY BOTTOM PREDICTION] For example, when we published the temporary bottom call on Sunday Janaury 27, 2013 for the Monday Jan 28 trading day, we gave a condition on how it could form a temporary bottom. The condition was if AAPL gapped down on the 28th, then the RSI would reach extreme oversold conditions for the second time and an immediate reversal would take place. This time this isn't the case, because we still have lots of downside potential for the intermediate term so bears should sit back and enjoy the ride. [Take a look: http://aapltechnicals.blogspot.ca/2013/01/aapl-temporary-bottom.html]

Dow Jones - Waiting for price to confirm which side to play on intraday, price still favours bulls at the moment

GOOG - Waiting for price to confirm on this bullish breakout setup chart pattern