AAPL contrarian play

Excuse my intrusion, original poster, but all you had to do was to buy on a retracement, after all this time, price was revealing a very strong trend.... Regardless of iphone, or who's owning most AAPL shares, and what not...

See chart. Buy the rejection at the EMA after ADX turned above 30. Connoisseurs know and love this setup :)
 

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Quote from Matt24SPFL:

... I have noticed that the extremely successful traders hardly ever predict the markets,...
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I've noticed this as well.

I'm not rejoicing in your pain.
In fact I openly admit to having engaged in similar acts of not so smart trading on numerous occasions. It's amazing how accurate my "gut" feelings are and yet some how I still manage to ignore them from time to time.
Any time I've reached the point where I'm hoping it's going to come back, I should have already been out.

Hindsight is always 20/20 but it looks like shorts should have been covered, even reversed, on the close of 7/3.

http://charts.dacharts.com/2007-07-15/2007-07-15 10-23 AAPL D.png
 
Quote from islands111:

He's a trade that's setting up:

AAPL will debut its I-phone on June 29th, that's a week from today.

my call:short AAPL stock at around 9:41AM that morning.Looking for it to trade below 100 in maybe 6 weeks from June 29.

buy the rumor, sell the news.

blackguard
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bad call. :p


the market is never wrong.
 
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