PPR - AAPL Possible Continuation Pocket Pivot
| Published: | 3 Aug 2011 19:28 ET |
With Put/Call ratios running very high and the need to sell getting obvious, the market is trying to claw its way back. AAPL is currently trading enough volume for a pocket pivot volume signature, and if it can clear its 10-dma at 393.56 it would be a bona fide continuation pocket pivot, although one could call it a pocket today based on the long tail.
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