In this update I am posting 2 charts of AAPL one is a daily time frame and the other a 5 minute. The news recently has been extremely bullish and that is also evident in the daily chart. But sooner or later that changes, today on the 5 Minute chart of AAPL a butterfly sell pattern formed leading to a sell off below the days lows. Whenever I hear extreme sentiment on one side of the other I like to look at several time frames and many times I will see another view.

It’s good to pay attention to what you “hear” and then Trade What You See.

AAPL Daily

AAPL 5 Minute

This entry was posted on Wednesday, April 7th, 2010 at 2:36 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.