AAPL week of 18JUN12

22JUN12
Well it did pull more, not to 574.54, but just above the .786 fib @ 575.42.  The 4hr candle wick touched the kumo top before bouncing.  Another area to point out: the donut (.886 fib arc) held and rejected the downward price movement.  594 next week is my guess.

21JUN12
This may be on its way for a bounce up, but I was a little surprised it didn't pull a little more, down to the .786 fib on the 4hr ~574.54 for kumo support.  I left the levels the same as yesterday, chart just has updated candles, because I'm thinking a little more pull, maybe premarket, before the next leg up.  Pattern would be an AB=BC.  Daily still looks like the last leg of a 3drives pattern completing: 594.47.

20JUN12
The daily donut (.886) appears to have been breached, looking at the retrace today's candle closed just under .886.  Target is still 1.27 fib ~594.47 as the first resistance test for this leg up and to complete the 3drives pattern.  The 4hr is an idea of how it may get there.

18JUN12
Daily pattern looks like last leg of a 3drives, though today's candle closed right at the donut (.886 fib).  Breach and 1.27 fib ~594.47 is the next test with ~602  possible.  Rejection by the donut and support levels are in red.  4hr suggests a pull back before the next leg up.

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