Sudden volatility...

... nonetheless, it arrives right on schedule. Apple Computer/AAPL is 5 months and 3 weeks into a typical 6-month intermediate term base. A good time for a breakout to occur from this base would be between now and the end of next week, if this pattern resolves itself successfully to the upside.

Note the sudden price volatility in the chart below (areas 1) with an explosion of volume (areas 2)...

[click to enlarge]

However, that volume, as expansive as it is on the 1 minute chart (above) lacks sufficiency even to appear on the daily chart (#2, in the chart below)...

[click to enlarge]

Area 3 is the small base necessary to accumulate sufficient strength to punch through critical triple resistance at ~$44.40. Area 1 is today's action so far. (Well, it was when I made this chart 20-30 minutes ago!) I note that, at this moment (~8am pdt), Apple/AAPL shares already have traded ~20% of average daily volume. It appears to me an upside breakout looms on the horizon. It is so near, in fact, that an investor no longer requires a telescope to get it within view.

Of course, my vision -- bad as it is -- has been quite alone. I wonder when the Apple/AAPL bears might capitulate? (Probably above $60. ;-)