Tuesday, November 27, 2012

AAPL looking like it wants to stall out at it's .618 fib line measured from it's channel stop..

I prefer to measure from the channel top (not that stop running momo chasing nominal top) when looking for possible limits to counter trend moves.  I'm thinking AAPL is ready for that 470ish price area in tandem with SPX 1250ish and gold getting slapped down. Until at least we see obvious signs of the fed printing press kicking in....

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