Someone cut the left jugular and AAPL is bleeding.
you are referred to: "FIB: where is the volume component"?
Diogenes would have added "NYMO" to this chart also. Funny guy!
Not "would have", always do add "NYMO" to an AAPL chart and most every other chart for that matter.
In this particular instance, the NYMO ticked up on the close of 4/24 (as did the NAMO), giving a clear read that, with AAPL and the NAZ Comp down five days in a row, breadth had turned bullish going into AAPL's earnings announcement. No wonder there was such an explosion in the stock. AAPL was at 560 on the close of 4/24. The next day it closed up nearly 8.5 percent and given that that was three standard deviations of a winning NYMO signal on AAPL some traders would automatically take that profit.Other traders might take the top of the gap, the low of 4/25, as a stop and take 46 points of profit out of the stock at 606. Or another trader might still be holding the 24 points of profits from 4/24 and looking for another move to the upside. Sell signals are individual.
Add "NYMO" to an AAPL chart? No $hit! That's where the the money is made.
http://stockcharts.c...35850334444.png
These signals are supposed to be IT moves, when they last one day(4-14) or outright fail, you say nothing, no green
line left where the failure happened, but in hindsight days later when a signal works out you make sure we know about it.
Edited by CLK, 01 May 2012 - 04:53 AM.
