EvanMedeiros

downtrend in tact - look for basing action

BATS:AAPL   Apple Inc
73 0 0
$AAPL             so Apple             remains in a downtrend making lower highs and lower lows. Clearly a bearish pattern and it did under perform the markets and end the week on the lows. Larger support doesn't come in until 420ish but until then the bulls need to see some type of base begin taking shape instead of this slow bleed down trend. It's possible Apple             can begin carving out a range around these levels about 430 but it's guilty as a bear until proven otherwise. I continue to find intraday trades both long and short and still find it difficult to have a longer term directional bias.
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