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To: elliottrules who wrote (113638)	2/15/2005 11:50:10 AM
From: ajtj99	Respond to of 209892

Man, shorting AAPL here is like trying to deep sea dive wearing a life preserver and a bouy.

To: elliottrules who wrote (113638)	2/15/2005 1:19:36 PM
From: bcrafty	Respond to of 209892

er, "THAT IS WHY!!!!" - pardon me if I'm not catching something here, but I don't get your remark. When ajtj said that there is nothing but blue sky above I think he was stating that as a commonly used metaphor for there being no resistance above, a sight commonly seen on issues reaching ATHs like AAPL and also seen on stocks reaching new 52-week highs. Until the chart show some kind of a downtrend to indicate the issue has topped, I believe that any shorting at this juncture is a mere grasp at the air (no pun intended). I'm sure that that the Apple will drop below 80 one of these days but what signs of it do you see in the daily charts today? Seriously, how do you personally play a chart that is showing new ATHs? If you like to choose short picks from stocks showing new ATHs or 52 week highs, here are a few more (but I don't recommend the practice): stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G stockcharts.com[h,a]daclyyay[df][pb50!b200!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G