PPR - AAPL violates 10-day moving average

Published : April 16 2012 at 9:52 ET

AAPL has violated its 10-day moving average for the first time since we reported on its buyable gap up (BGU) on 1/25/12. Those using the 7-week rule would sell it here and wait for subsequent buy points in the form of pocket pivots and/or a new BGU.

AAPL being a key leading stock pushed MDM (market direction model) closer to a sell signal. Sometimes, it takes a bit of testing via a small losses from false signals before the true one hits.

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