Daytrader chart AAPL

  • Posted by
  • on February 15th, 2012

 

Every day-trader we know was involved in $AAPL today and it’s no coincidence  how dominated the chart is by day-trading strategies.  This is what we meant when we posted an hour ago  that it was  “trending below the 20EMA. Whole day-trade chapters can be written about today’s action”

Trend broken on 5 min chart once 20EMA falls — dives down to S1, bounces back to now descending 20EMA/R2 where it resumes down-fall and then starts a new trend under 20EMA.

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