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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (186291)	9/16/2010 5:58:39 PM
From: Trader J	Read Replies (1) \| Respond to of 209892

Honestly, I think you're trying too hard to TA this move Mchjc as you had indicated on 9/2 that Apple was in a "major downtrend". The "possibility of a pullback" is inherent in every play, especially a leading tech like AAPL. Again, I know we differ on TA practice but at some point you have to lay aside the TA on an issue when it has essentially eliminated an entry for you at a point 40 points lower than it is today. I do realize that your TA probably flipped after your "major downtrend" post over the next week but I think you're trying too hard to apply the indicators. TA doesn't indicate a possible pull back here ... a 15% move higher that largely left all TA traders on the sidelines indicates possible profit taking far more. You know where I stand on the TA platform though and I, you. Forest, trees, etc. etc. Cheers Tj