Market Anthropology: Golden Delicious

Monday, September 16, 2013

Golden Delicious

It’s September in Chester, which typically implies our little country town grinds to a halt with traffic on the weekends. 

The attraction – apple picking. 

It appears the tech variety will also come into season around the same time between ~440/450 a share. 

Why not try a golden delicious – they’re ripe for the picking as well. 

Update: 3:25 pm EST 

As the stock keeps moving lower towards the comparative low, we will be looking for the same positive divergences that appeared on the daily and weekly charts this spring – and that also defined oil’s reversal in 2009. 

On the 120 minute chart, momentum appears to be approaching downside exhaustion and should begin diverging higher as price plumbs another low. 

Click to enlarge image