Added to my short today at 188. Average now about 186. If you look at the chart now and back in November, they look almost Identical. I think Aaple falls about 20 to 30 points quick very soon. Same type of momentum too. I am almost hoping it goes up a bit more so I could add to the short. I think it sees 120 again in a few months.
Aaple looks like a really great short right here
Started by
isaac613
, May 12 2008 02:30 PM
4 replies to this topic
#2
skyymaster
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Posted 12 May 2008 - 03:12 PM
Isaac you thousands of others, but if my C^H analysis pattern is correct I am showing a target of 205 then we see what the charts and indicators look like (i.e. volume, divergences, money, etc). 
In fact, I see another handle forming here and breakout coming, FWIW.
Look at the LT chart on RIMM then Look at AAPL. Easy money to the upside coming.
In fact, I see another handle forming here and breakout coming, FWIW.
Look at the LT chart on RIMM then Look at AAPL. Easy money to the upside coming.
Edited by skyymaster, 12 May 2008 - 03:18 PM.
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#3
diogenes227
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Posted 12 May 2008 - 03:41 PM
Added to my short today at 188. Average now about 186. If you look at the chart now and back in November, they look almost Identical. I think Aaple falls about 20 to 30 points quick very soon. Same type of momentum too. I am almost hoping it goes up a bit more so I could add to the short. I think it sees 120 again in a few months.
I don't know what you're seeing or thinking here. "Hoping it goes up a bit more"? Watch what you wish for, you make get it.
Unlike in November when the NASI was falling, the market at the moment is supporting the bull move in AAPL. Until the market turns against it or there's at least a negative candle, I think you'd want to be long, let alone short this rocket -- it could end up on moon. Where's your stop?
My stop on the long at the moment is 180 (it keeps moving up) or whenever the NASI turns down.
http://stockcharts.c...6727&r=1216.png
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#4
isaac613
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Posted 12 May 2008 - 04:17 PM
Stop is around 200. The market was going up in October too. Apple was at 190 after earnings. 3 weeks later it was at 150. RSI too high. Market too high. Chart looks like its about to break to me. We shall see what happens. I have seen it too many times before though.
#5
skyymaster
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Posted 12 May 2008 - 05:01 PM
Stop is around 200. The market was going up in October too. Apple was at 190 after earnings. 3 weeks later it was at 150. RSI too high. Market too high. Chart looks like its about to break to me. We shall see what happens. I have seen it too many times before though.
I would love to see this tank and not to 120 but to 60 to fill that gap there. I am still holding my leap put.
But, I gotta go with trend until it says otherwise.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
