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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (5232)4/18/2011 7:20:17 PM
From: 2MAR$  Respond to of 41469
 
aapl....yes=macD & CCI is also always sweet for clarifying & a "little bit " leading indicator for the RSI and that's as low a dip on the those indicators as we've seen for quite a while

Couldn't help thinking who would want to be short this going into earnings too ... (maybe short after , lol) The pivots was seeing all along were $330 , then $326 then this $320/21 area it hit today using that previous Nov top as
support line .

( and you know it hit that exactly !! I see this all the time too, bob , for traders aren't that smart really & like to keep it KISS with the S&R alot of the time )

Had traded long successfully off that $330 pivot twice already & worked like a charm but often there's just also this inner "reconfirming" sensed out there that alot of other traders have seen these pivots too. The aapl may $34o calls went into the low $5's today , they sure popped up!! (max pain =$335 i think)

Well that was a good near term wash & rinse for AAPL , came out shining today ! ;o) When AAPL reverses its usually pretty good whip , especially right before eps .