4 push down so this rebound should be 2 legged. now still 1st leg.
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This is our first workable higher low in days (green arrow)
So bulls MUST stay above that higher low @ 197.60-ish [CORRECTION: 187.60]
Bull above, bear below 197.60 [CORRECTION: 187.60]
(you could call it an inverted H&S but the neckline renders that pattern functionally useless)
Last edited by Al_Dente on Tue Sep 29, 2015 1:56 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
key time, if this 2nd leg up cannot make decisive new high then it's bear's turn.
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BullBear52x wrote:be warned, bear flag with no fear! wish you were in is better then wish you were out.
yup agree.. but that bear flag "could" grow into 2 days.. as they try some window dressing for the month end close tomorrow, LOD goes, gap fills.... AAPL weak.