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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