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Lowered stop to 1368


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#1 ogm

ogm

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Posted 05 July 2012 - 11:30 AM

As the subtitle says. This is either a turn in the 15/60 min chart, or its going to turn into one of those annoying bull grinds to the upside. Intraday internals have never recovered into positive territory despite the bounce. Most of the bounce was AAPL driven. And AAPL intraday looks silly overbought. Looks like the whole Europe has piled into it as the last safeheaven stock on earth. Financials are the worst sector of the day and oil turned back down. Either way I'm bored already and not going to sweat losing money. So I'm lowering my stop to 1368. I'll be either right, or will take my small profit and leave.