The B wave down looks to be just about complete now. The “tease” of breaking the low from yesterday and tanking hard has all the bears licking their chops. But, the noon time hour is near and all the selling pressure is about to dry up. Nothing left to do but squeeze some bears.
Thanks Anthony… now we wait for about noon or so when the selling pressure drys up, and then the C wave up can start. Right now the “late to the party” bears just got short at the opening rally and the trapped bulls sold out at a lost (and became bears). So in a couple of hours this bear boat will be full…
Just teasing the bears and clearing out the longs I think…
broke the lows. Surprised.
The B wave down looks to be just about complete now. The “tease” of breaking the low from yesterday and tanking hard has all the bears licking their chops. But, the noon time hour is near and all the selling pressure is about to dry up. Nothing left to do but squeeze some bears.
Turned out to be one hell of a week. That’s for sure. Did a small load up at 139.5
Thanks Anthony… now we wait for about noon or so when the selling pressure drys up, and then the C wave up can start. Right now the “late to the party” bears just got short at the opening rally and the trapped bulls sold out at a lost (and became bears). So in a couple of hours this bear boat will be full…
Nice call Red
Could be? Certainly they tend to go higher then the bears could believe.
I think wait for 143area for short. target remains for down the same
Possible bounce target…
http://screencast.com/t/2xrabLYXHFu
APPLE Nearing oversold zone: http://niftychartsandpatterns.blogspot.in/2012/11/apple-week-nearing-oversold-zone.html