Profile,
After looking at a chart of AAPL for 15 minutes, from many different time frames, to applying every indicator I know of, I came to the same conclusion I had after looking at the chart for 5 seconds.
Energy is being stored and it is getting ready to break out of a very tight consolidation phase.
The bands are clearly defined, the window from the November 3 gap up is support, and the high of that day is resistance. When the price breaks in either direction, money flows will follow it.
Which way will it go? I don't know. Technical analysis doesn't tell me that, it merely tells me where the party will start and who will show up.
If I know where the party is and the group that will attend, I can dress accordingly. Got both my suits ready.
stockcharts.com[h,a]daclyiay[d20040618,20041118][pd10,1!f][vc60][iut!Lah10,30,5!Lc20]&pref=G
dabum |
