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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: Davy Crockett who wrote (47734)	4/19/2012 3:30:13 PM
From: Davy Crockett	Read Replies (1) of 69822

Hi Johnny, According to my very simple model, another sell signal kicked in today on AAPL. I hate to continue on the importance of AAPL, but it wasn't only me that sent it into the Stratosphere. Now, it it is making it's way back to Earth. The $20,000,000 dollar question is will float nicely back or will it plummet? My anecdotal experience is on stocks such as these are: Ride the trend until it bends & when it does... get out. The 50 day is at $587 and the 200 day.... well don't ask. It's a long way from here ($437.00). All stocks eventually correct to the 200 day sma. I'm not saying it's going to happen on this bout of weakness. But it will happen. The question is not if... but when. I'm a trader so this is a great stock (and its proxies) to play... but if your a trend follower or a buy & hold type... my advice is to get out. The risk/reward setup is no longer favourable in my opinion. BWTHDIK

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