Sorry delayed response..IHSC......Had to leave at 4, and just getting back.
Strange day.........Until about 1:30, AAPL advancing throughout the day, showing spurts of volume on each renewed advance, and approaching our 37.50 upper breakout level..But that was it, and it then began to fall on increasing volume to the 36.42 close.
AH, as you know, continued down, as low as 35.40, and ending at 35.64. AH volume was very light.......374K (compared to 899K in the last 5 min. of regular trading)....and situation can, conceivably be salvaged before tomorrow's opening, or in the course of tomorrow's trading. Note that the April lows have not yet been taken out.
As of now, however, we have to assume that the pennant I last pointed out has been broken, that we will open with a gap down tomorrow, and the stock will begin another leg down. If so, the measuring implications point to 30/31, to support at the 200d MA (today at 30.30 and rising), and in the process closing the unfilled gap below at 32.75. |
