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Monday, August 15, 2011

AAPL : Wait for Reversal Signal to sell for Wave C or Wave 5 down



Overview :
AAPL : Apple Inc : 2 possible counts here on the 60 minutes chart.
i. Completing of Wave 4. Set up for Wave 5 downside move.

ii. Wave B the corrective rebound is in progress and near terminating., $400 ??
After Which Wave C will pushes Prices down again.

Strategy :
The prefered way is to wait for a reversal signal.
In the first scenario : resistance at $390
2nd scenario resistance at $400



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