AAPL

Quote from dgabriel:

Then.....how's it work?
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On a split adjusted basis AAPL made a multi year low in Dec/97 at $3.19. The stock then rose to an SAP of $37.59 in Mch/00 for a move of $34.40This present rally commenced off the Apr/03 SAP low of $6.36. A price of $61.98 will then be a rally move of $55.62 representing a 161.6815 extension of the "old" rally. I also have another shorter term measured move coming in at around $61 so There's a higher prob entry in this zone with a clearly defined "uncle" point of 1.61% above 61.98. Obviously shorting a stock into terra incognita demands stricter adherance to risk management than normal.
 
But why short now while it is still rising? Fib zones get broken all the time. You're top picking.

AAPL is such a thick trader you could short it at 2 am on a Sunday.

I suppose if you have a downtrend going on the 15 min af this level maybe that indicates a pullback.
 
Not that you had any doubts, but when the news hit the wire about the downgrade and the pre-market was off $1.50 - how good did it feel, Bro? :) A very nice way to end the week. Great call.

Whether or not the top is in for awhile - the fact remains that your call immediately preceded a $2+ profit opportunity.

Nice, nice job.
 
Quote from inandlong:

Not that you had any doubts, but when the news hit the wire about the downgrade and the pre-market was off $1.50 - how good did it feel, Bro? :) A very nice way to end the week. Great call.

Whether or not the top is in for awhile - the fact remains that your call immediately preceded a $2+ profit opportunity.

Nice, nice job.
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Thank you my good friend.

What's that old saying about news following technicals. :)
 
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