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techcharter

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techcharter

Re: None

Tuesday, 03/13/2012 10:41:58 AM

Tuesday, March 13, 2012 10:41:58 AM

Post# of 51788
AAPL

Elliott Wave International posted a teaser yesterday for one of it's fee based services. The teaser featured AAPL. EWI hid the RSI for the last 3-4 months. With a minimal effort I have posted a chart which includes the most current RSI for AAPL.

What I see is a divergence. AAPL is making new highs on declining strength after a very long and powerful rally. This is a precursor to major trend reversals. The last 5 -6 days of rally have been on declining volume as well, another divergence showing weakness.

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=6&dy=0&id=p28319350463
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