But that's not reason to be bearish at all. What really troubles me is the 60 minute chart. Prices retreated and then broke into new highs, and yet the MACD went flat-line, no response whatsoever despite high volume. No, I am not shorting and being crazy enough to trade against TraderFlorida. I'm watching and learning.
UPDATE: Here is how AAPL ended the day. So this time I was right. See To Follow Or Not To Follow, this time I'd be better served to tune out even the "noise" from TraderFlorida. But bottom line remains: what's the odds that I am right?