9 replies to this topic

[securelstmile]

Are you watching this one today? It seems we are at an important juncture. Do you have any ideas? If we close below 95.72 yesterday low it is a reversal candle, possilby a key reversal. I suspect the volume won't confirm it to be key but bearish nonetheless. If we rally back by the close I think we test the gap above around 120 ish.

[mss]

Sorry, I am not in AAPL at the present. However IMO the risk is 92ish, if that does not hold 86 real quick. Top is 115ish, should it close above the gap, I will be put on the Board as a director because I will buy so much AAPL is still a good company but "news" will hold the price for awhile as Mickeysoft is in trouble, and the press will not tell the difference. Good luck. mss

[securelstmile]

Thanks, still love the company. Those Vista ads when PC buzzes anyone who even says the word vista. I don't like today's candle.I see something ominous if apple can't even rally the whole market is in trouble. Goog another leader also looks sick. I just wonder if it isn't the beginning of the next round of forced selling. Thank you for your input.

[securelstmile]

Hi Mss, I am long apple now, I took out a trial balloon on that 86 area you mentioned. I had been short but covered too early. I have a fairly tight stop. I want to thank you again for your input. You are a gentleman and scholar.

[mss]

Glad it worked for you. If 86 fails look for 40-50 range quick. If the turn holds for awhile the chart tells it all. On a pull back & hold at 92ish I might go long, if I have time to watch it for the break up, TWT. [attachment=8799:AAPL_11_13_08.jpg] mss 94 btw: you are aware the floor-whore will gun you stops on AAPL if volume is low

Edited by mss, 14 November 2008 - 08:07 AM.

[securelstmile]

The floor whore got me the other day on that stupid intraday rally while I was short but I got that floor whore right back because I got back in at a better price. I actually posted about it at the time on TT.


Yes, I know what you mean about watching those floor whores.


I just want to show you what my apple trades will pay for, because you get a fair amount of the credit. You are a master of the game.

I don't know if you remember but way back when I first started posting about apple I mentioned my son who got me in the stock because he would rave about how many kids wanted an IPOD at school You were one of the few who got it and was actually way ahead on apple. Well this boy is going to China next year and I will pay for it with these trades.

http://www.studentam...CFQsMGgodwR3UWg

Best to you!

PS I do make my own decisions based on many things but your TA is just invaluable and I truely appreciate it.

[mss]

Here are two updated charts for your review. My comments have not changed - yet

http://stockcharts.c...1636&r=7081.png


http://stockcharts.c...9490&r=5472.png


went short fwiw be watchful

mss

[securelstmile]

Mss, thanks, I was stopped out and was short yesterday but not this. I play eev short intraday but am not brave enough to hold over night as its moves are wicked. Thanks so much for you input here and on FF. They have been very helpful.

[diogenes227]

I hope you guys put on some iPods today because with the price, the vix and the adx all heading the right direction, they were all playing rock and roll.

Once again it appears AAPL is in the bull's eye.

http://stockcharts.c...5044&r=3894.png

[mss]

If you are watching AAPL fall look very carefully at the charts above and the 88/86 area. mss