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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday 26 June 2011

AAPL - headed for 290 support ?

well Monday did turn out to be a low (see last week's post re 4 months cycle).The chart still looks quite risky though and more time may be needed for the overbought condition to unwind if the long-term trend is to reassert itself.I think a move down to 292 (sq of 9 vibration) or 287 fib retrace seems likely.288 is 2 times the square of 144 so that should add support too.289 is the square of 17.


   


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