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IMO: If AAPL touches 500 and closes below the last Higher Low (517.58 on this chart - it used to be 519.95! - other charts show it as 522.18!!) the Long Term Uptrend (since March 2009) will be over. Until that happens the Uptrend is still in place. We'll see what Mr. Market decides. :)

Latest on the "Fiscal Cliff": WASHINGTON (MarketWatch) - President Barack Obama is scheduled to make a statement on Friday afternoon on efforts to strengthen the economy and avoid the fiscal cliff, the White House announced Thursday. Experts said that Obama will want to respond to House Speaker...

Bought 1 AAPL April 545 Call & 1 AAPL April 600 Call this morning. AAPL Long Term Uptrend still in place. AAPL has gone down for 7 weeks, and still hasn't taken out the last Higher Low. There's 23 weeks (till April 19th) for it to go back up. Seems likely to me... IMO: Good news about...

Began a Journal on Sunday: http://www.elitetrader.com/vb/showthread.php?s=&threadid=252687 Plus the 2 Calls I bought earlier today. :)

Valid point. The dollar continuing to rise doesn't help much either.

AAPL has gone down for 7 weeks, and still hasn't taken out the last Higher Low in its Uptrend. I've got 23 weeks (till April 19th) for it to go back up. Seems likely to me... :)

This is true. Since September 18th I have not booked any profits with AAPL, and have continued to bet on it going back up as it's fallen in price. How the politicians will kick the can down the road I don't know, but still think they'll find a way - master slither-ers that they are!

If AAPL slows down or goes sideways a while that's fine with me. That's why I trade out 4-6 months - makes timing much less stressful. Everything I know about the stock/chart on a fundamental/technical level tells me it will be higher by next April. Have placed all my bets. Time to sit...

AAPL Long Term Uptrend still in place. Bought 1 AAPL April 545 Call & 1 AAPL April 600 Call this morning. IMO: Good news about the Fiscal Cliff will trigger the Xmas Rally. They have to come to an agreement. They won't let the economy collapse into a recession. Will laugh all the way...

"AAPL's Uptrend is Over!" :eek: Or so they said at 189.44, 234.55, 309.17, 361.77, 519.95, & 574.75.

Yes, for Swing Trading there's no need to average your price. Most of the time you're probably better off trading the stock versus options, yes? Or do you use both?

More decisive to be sure, and will give you the best price versus averaging up. Averaging down gives you a better overall price, and is probably safer for building a large position, assuming the Uptrend continues after the Pullback. :)

Not completely clear on what this part means. Could you explain it a bit more? I think you can trade uptrends in two different ways: 1. Buy Breakouts from Consolidation Areas, and then add-on at higher prices (averaging up) before the next Pullback. 2. Buy into Pullbacks after Rallies...

Just trying to keep up on the news.... :) http://www.marketwatch.com/story/apple-sells-three-million-ipads-in-three-days-2012-11-05-891536

That would be nice. Hopefully resolution of the Election and all the Fiscal Cliff stuff will be bullish for the Market.

There are pros and cons to all the different methods of course. Nice to have all the choices. I plan on trading stocks again in the future - hopefully after I build up the account a bit. It will be nice not to lose money when the stock sits still (like with long calls, etc.), and it will be...

Swing Trading the waves! Better to do with the actual stock I think. The pricing on Spreads is a bit more sloppy. Though when AAPL has gotten way ahead (stock price of $600 against a 400/395 Spread for instance) I've been able to get out a couple of months early with most all of the profit.

Good point. Everybody predicting numbers is just guessing anyway. I'd like the Trend to continue of course (talking my book!), so a new high above 705.07 is what I "want to happen". But I see the resistance in the 650 area on the daily chart, yes.

Yes, there should be some rally attempts. So you see 705.07 as the top of the head then? Don't see it making a higher high above that? (doesn't need to be 800!)

Probably OK with the rich people, and not at all with the poor people! I'm a Trend Trader, so I see that as just one ingredient in the technical/fundamental/emotional soup, which is reflected in the price action. :)