Interestingly keep your eye on 2719.25, its in white for a reason. It is the granddad of all extension fibs on this chart and I was somewhat surprised to see it haven fallen so fast Don't think it will go unnoticed if it gets a round 2.
Sunday, April 22, 2012
Nq Long Term
Well NQ will follow AAPL I guess but its worth taking a look at the long term fibs. Same situation really. A fall to 2654.61 seems in the cards probably tonight if not in the European session. Upside fib at 2680.75 and we rest barely on a trend-line. I actually assumed that 2737.15 would be the top but AAPL pulled it higher just high enough to get outside its bands and pay the price for doing so. A fall through 2654.61 surely brings 2642.49 which is where it will intersect a rising cloud. I would use such interesting terms as Tenkan and Chikou but lets just say there is a rising daily cloud.
Interestingly keep your eye on 2719.25, its in white for a reason. It is the granddad of all extension fibs on this chart and I was somewhat surprised to see it haven fallen so fast Don't think it will go unnoticed if it gets a round 2.
Interestingly keep your eye on 2719.25, its in white for a reason. It is the granddad of all extension fibs on this chart and I was somewhat surprised to see it haven fallen so fast Don't think it will go unnoticed if it gets a round 2.