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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Sirius_Rich who wrote (4601)	2/3/2005 11:32:06 PM
From: Walkingshadow	of 8752

I was trading AAPL back then too, and that's what lulled me into that mindset. Problem is, AAPL's channeling days seem to be numbered now. It just doesn't cross to the lower BB rail anymore. I know the feeling of getting left behind, and I don't like that. You're sitting on a bit more profit than me, but still we are pretty much in the same boat here. I got back in a few times at the 62-63 range in December. So my strategy now is to just protect against catastrophe with a very loose stop that still all but guarantees a very respectable profit, and let that wild horse run for the hills if it so chooses. The weekly chart shows that although there are clear indications that AAPL will correct some here, the stock is not really that overextended, and has in fact pulled back from the upper BB rail considerably: 139.142.147.218 My guess is that we'll see a correction here something like what we saw in December, which was predominantly a sideways move to meet the 20 ema: 139.142.147.218 T

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