Silicon Investor (SI) -- The First Internet Community

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 : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: lexi2004 who wrote (55966)	7/29/2006 11:48:50 AM
From: Newly2b	Read Replies (2) \| Respond to of 59879

Hi, Lexi. Re your PM to me on Ihub, I have been trading AAPL multiple times a day most days for over a year now, both short and long on any given day. One thing to beware of is AAPL will run up to overbought on RSI, CCI and SloStoch and instead of turning down will begin to run straight up, particularly at EOD. It can stay waaaaaaaaaay overbought longer than a short can stay solvent! AAPL also has a tendency to trap traders by turning on a dime at tops and bottoms, so be suspicious of any apparent top/bottom where price hovers for a while. It will also make breath-stopping large moves down several times during the trading day, so be nimble and don't get caught on the wrong side of a run in either direction. I look for good charts to trade daily by flipping through 60-min charts, not Dailies, then trade them on the 5-, 3- and 1-minute charts during the day. I know some people swear by BollingerBands, but I find them useless quite frankly. Perhaps I simply do not understand them, but they do not 'speak' to me at all. While I do use a modified version of Elder's Triple Screen, I've never used his Force oscillator so can't comment on that. On the Daily AAPL chart, I'd say that is a breakaway gap below and not likely to be filled quickly. While I prefer to trade what I see, not what I think will happen, since you asked for my comment, here it is: Friday's price rise stopped right at the 200dma, so we may get a pullback Monday before price continues its rise from the Falling Wedge (target 74), but that's just my WAG, and I wouldn't trade on it myself, so trust no one else will either! I'll wait to see how it goes in the pre-m on Monday and what the greater markets look like at the open. BTW, AAPL often runs up right out of the gate, and I find it profitable to short it for a brief intraday trade as it tops out from that initial run, regardless of the direction of the overall trend. I trust this is the sort of comment you were looking for in your PM. Just my WAG, and I'm no virgin at being wrong. Good trading to you on Monday. Newly