AAPLTalk QuickTake, Day-After-iPhone-Event-Disappointment Market Close: Are You Missing Something in These Charts or Have Bears Learned Teleportation?

I suspected AAPL would trade with high volatility and unpredictability for days or even weeks.

I mean heck, I started the AAPL Tree when AAPL was at its most recent intermediate-term trend bottom (the 380s).  I’m no stranger to wild downside trading.

Even so, today was a bit of an outlier, even by AAPL standards.  A bearish reversal day with as much or possibly greater potency (or at least surprise) compared to the day much of the world realized Carl Icahn had a Twitter account.

As I’ve mentioned before, with high unpredictability comes much tougher reads, even though my humble reads always look backwards by design.  So, for those couple dozen or so visitors who stop by (and thanks for visiting, my readership is now in double-digits :D!), keep in mind that commentary will be kept to a relative minimum.  My original intent with this blog actually wasn’t to update every day, much less with multiple charts, so updates may *cough* taper off here and there.  Though like I said, I started the AAPL Tree in the teeth of a downtrend.  This blog isn’t capitulating anytime soon. 😀

Now that that’s out of the way (not to be repeated in the future, much), today’s hourly chart:

Continue reading