Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Henry J Costanzo who wrote (189854)	4/18/2011 11:27:40 PM
From: 2MAR$	Read Replies (1) of 209892

my take on AAPL this am ... Message 27315962 [" AAPL ($324's)..was looking for it to hold this $320/21 pivot today....Very often, just don't get too fancy just look over to previous top back in Nov , draw a straight line & call it "support" ;0). Also was that congestion support in mid Dec too @ $321 as well...more often than not in the heat of things traders aren't going too get too technical and go with whats easy to read. AAPL's November top was $321 & today's low $320.16 ... have to admit it works. The May $340 calls went into the low $5's today and ended up +30% gain from there . Reversals like this for AAPL are common esp from such oversold indicators haven't seen in so long a while ...AAPL trades outside of the macro climate & in its own up into earns. (not good thing to be short AAPL until after ? I would sure think so <G)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next