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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo5/30/2012 5:33:21 PM
5 Recommendations   of 209892
 
AAPL once again today broke above the major DT line from the ATH, but today's break extended as much as 2.7% above it, on a substantial increase in volume, thereby meeting the TA rules for completion of a conclusive and decisive breakout and change in trend..

A possible bullish pennant may also have been completed today, but that did not clearly and fully meet the required parameters, and is best not assumed, pending further development..

Chart showing the newly valid UT line..
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