Trade Well
Apple is poised for 525-540
Started by
MarketAlly
, May 30 2013 02:06 PM
2 replies to this topic
#1
MarketAlly
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Posted 30 May 2013 - 02:06 PM
Who knows what this means for the broader markets.... but a rise into 470 completes a cup & handle and the pitchfork looks like a classic chart setup for what it is worth.
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Trade Well
The system wasn't designed so that most people could beat it.
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* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#2
Geomean
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Posted 30 May 2013 - 04:24 PM
Yes, perhaps, but my chart is warning that if AAPL doesn't close above 462.2 in the next two days it could retest it's lows.
Opportunity knocks on your door every day-answer it.
#3
MarketAlly
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Posted 31 May 2013 - 02:26 AM
Yes, perhaps, but my chart is warning that if AAPL doesn't close above 462.2 in the next two days it could retest it's lows.
I would not disagree at all.. My stop is 440 and to be honest, the overall markets feel generally poor. A drop into SPY 158 and the Nikkei further pullback is not unexpected.
I am thinking maybe summer would better be enjoyed away from the screens.
The system wasn't designed so that most people could beat it.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
