I have been following and commenting on the chart of Apple Computer (AAPL) for some time now. Back in May I thought it would end up at the 50/50 point this fall. Even though price bounced nicely off the 3/8 line on the big reversal day three weeks ago, volume analysis shows that there are few buyers on this current bounce. My thoughts continue to be that AAPL will complete an A-B-C correction this fall at the mid-point of price and time (50/50 point).
Chart courtesy of Stockcharts.com
Tags: A-B-C Correction · AAPL · Square of Range · Volume1 Comment
1 response so far ↓
i’d think that apple may hit the 50:50 point only in a panic sell-off, right now I think 200 is more in the cards than 127…