Here is the square of 360 chart for AAPL.We reached the end of the square without hitting 720 and are below the red bull angle and the moving average and the important 7/8 line.We should have at least a decent correction now.There is negative divergence on the weekly macd although it has not crossed yet.The weekly chart has an evening star reversal pattern following last week's doji which I highlighted.It needs to be confirmed by a close below last week's low.
Notice how there are similar Gann price/time harmonics as with the BKX chart and the S&P
Ron Walker hourly chart
Notice how there are similar Gann price/time harmonics as with the BKX chart and the S&P
Ron Walker hourly chart
Love your site.
ReplyDeleteI made this today and I think it ties in very much with your approach (feel free to steal it and post it yourself if you like it btw)
http://my.jetscreenshot.com/13957/20121001-4hbg-208kb.jpg
SNP monthly
lots of time and price coming to a crossroads recently...
1. 60 months from 2002 low gives us 2007. 60 more months gives us Oct, 2012 (yellow)
2. 10 months from July 2010 swing low to May 2011 swing high. We are currently 11 months from Oct 2011 swing low (almost 1:1 but close enough) (blue horizontal)
3. Perfect ABCD price pattern formed from those July 2010 (blue zigzag)
4. Price formed a shooting star (not textbook, but good enough for me) right at the .886 retrace of 2007high-2009low range
5. Triple RSI divergence at points 1 2 3 (orange)
Would love to hear your thoughts on a possible top being in and if you agree and want to post this on your site, please feel free.
Regards,
Dolemite
Thanks for the kind comments .I posted your chart.There certainly seem to be lots of cyclical reasons why we shhould reverse so it just remains to be seen whether the Central Banks can continue to keep the tide at bay.
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