Saturday, January 11, 2014 3:38:19 PM
From Elliott Wave perspective, $520 to $517 area is most likely support level.
Currently, TC 2000 software is offering 14 free trail offer. The software works on any Apple products. Live feed. The Balance of Power indicator with Apple is yellow currently? green means strong buying, yellow is neutral, red is selling pressure.
15 minute timeframe, Apple could move higher, but on longer term time frame, like Daily, I'm observing no clear signs of bottom as of yet.
I like to observe reversal daily bar, with inside day.
$520 to $517 area, would work very well, with RSI indicator and other indicators I follow.
If you looking for powerful live trading software that works on your Apple products, try TC 2000 platform.
After 14 free trail offer, its $29.95 per month.
The award winning Balance of power indicator is worth the $29.95 alone.
I'm currently 100% Cash sidelines.
Might go long Apple once I observe reversal bar around $520 and inside day is created.
I'm not a long term investor, I'm day trader, timing is everything to my success.
I have 35 years of experience.
I don't use options, I buy or short the actual stock that I trade.
Previous wave 4 bottom at $517
Odds favor this correction will retest that old support level.
Good luck trading.
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