Bounce up continues
Second day of bounce upwards reaches 71% of total drop from April 11 - 18.
Depending how AAPL quarterly reports does today, we may have one more day up, reaching 1,582 or so (75% retracement see our graph from last Saturday).
Although we are experiencing this up leg, we believe that it is normal to last week's drop.
From a tactical point of view, we would like to see a precipitous drop after this ascend is complete.
A close above the previously stated 1,602 would invalidate our current scenario.
TfD what is your drop target and timeframe from here? Thanks
ReplyDeleteTfD what is your drop target and timeframe from here? Thanks
ReplyDeleteI would not be suprised if we break 1595 next few days.Look at the the 2 hour SnP chart and daily they are almost identicle to Feb 28th going into 1st week of March.I stated this on Tonys blog on Monday
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