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Wednesday, January 25, 2006 

AAPLE the chart is Ugly !!!!

Chart courtesy of stockcharts

AAPLE shares still down every day with double of daily average volume !!!

Apple Computer is under pressure after it slips under the support area near 75.50, so now only the MM50 perhaps can sustain this selling pressure. All indicators until this moment are Bearish. After AAPLE reported there earnings we saw all days many selling pressure in the stock price, only up one day with light volume.
MM50 is now at 72.95 and the MM200 at 51.58

U.S. stocks closed slightly lower Wednesday as a rise in long-term interest rates and weaker-than-expected housing data .
The Dow Jones Industrial Average fell 2.48 points to 10,709.74.
The Nasdaq Composite Index was down 4.6 points at 2,260.65 while the S&P 500 Index dipped 2 points to 1,264.68.

That's all. Have a great evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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