I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Friday, July 22, 2011

AAPL to Apples comparison

I was looking at the recent AAPL move and I am looking at the similarity to the move in the indices (I will use the SPY below so that the gap is obvious) on May 31

SPY: 1) Gap up, 2) No gap close, 3) Rally back to high, 4) Island reversal



AAPL: 1) Gap up, 2) No gap close, 3) Rally back to high, 4) Island reversal?

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