You're looking for support in the wrong places, though - at least in the traditional view of support and resistance.
You should be looking at support at TOPS, not BOTTOMS.
Resistance, once conquered, becomes support, & vice-versa.
So, you would look for support around 31, 29, 28, 25, 23, 20, 18.
I do think there's a good chance that today could mark the beginning of a breakout from a classical "flag".
As I have noted before, for whatever reason, AAPL and SUNW seem to be running roughly in tandem. So I will look for confirmation from SUNW tomorrow, and see if it, also, starts to break out from it's flag, and also consider using AAPL as an advance indicator for SUNW. |
