Wednesday, April 22, 2009


Apple(AAPL) has had a nice 50% move off the lows and today hit the monthly R2 pivot(green line R2) at $126.65 and the weekly R1 is there too. Also, there was an open gap at $125 from September 2008 that got filled. The weekly 50 moving average is just above at $128.50. That should be the top on AAPL for a while. Monthly R2 pivot, Weekly R1 pivot and the weekly 50 moving average, will be tough to break.