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EvanMedeiros
Aug 9, 2013 12:49 PM

Keep things in context - no bearish action here yet Long

Apple Inc.NASDAQ

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AAPL nothing wrong here folks. Standard descending triangle within the context of an uptrend. Sure it could break either way, but Apple has done nothing wrong so far. A week of consolidation at resistance is HEALTHY until proven otherwise. You can see from the fib levels we have just barely retraced 50% of this last higher. It's not a screaming pent up momo trend, but at the same time it's tough to be real bearish here just yet. Let's see how the week closes out, above 460 will be nice, 465 even nicer.
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