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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo	5/5/2012 12:30:05 PM
	3 Recommendations Read Replies (1) of 209892

AAPL...#2....daily chart showing the advance from 2009... Until its most recent leg up, this period was marked by a progressive deceleration of the advance..Fully four UT lines were broken between Nov 2009 and Oct 2011. Each was followed by several months of sideways consolidation...but in no case except the most recent did that consolidation pull back to its next underlying S area..While that consolidation...last Aug to Jan...could have been taken as a sign of impending weakness, on the contrary, it led to the sharpest leg of the advance since the initial 2009 leg.. Questions raised by the foregoing include whether the small UT break last week may foreshadow some months now of essentially sideways consolidation as in the past, and how it might relate to currently underlying major S in the 425 area.. To be cont'd in #3..

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