all the moving averages are WAY DOWN below..... and once
it breaks the 400 barrier..... who is going to short it??
It should settle down and consolidate you
would think.
On both the weekly and D. I'd pay attention to the next
couple of daily bars just because it has a gap under the last bar
on the daily. Could be an exhaustion gap but we won't know
until we get a reversal (hopefully a gap) back to the downside (If
it happens). It could be just that darn strong but I sure
wouldn't chase it. Somebody will.
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AAPL any comments
Posted by johnsa on 27th of Jul 2011 at 07:39 am
I feel like it has been overextended from 310 to 404. any comments on a possible correction on this one big beast?
This chart looks similar to SIlver before it went down. Though both are different categories but looks similar.
you would think it would consolidate....but
Posted by zach06 on 27th of Jul 2011 at 07:56 am
all the moving averages are WAY DOWN below..... and once it breaks the 400 barrier..... who is going to short it?? It should settle down and consolidate you would think.
Looks awfully stretched to me
Posted by johnc on 27th of Jul 2011 at 08:48 am
On both the weekly and D. I'd pay attention to the next couple of daily bars just because it has a gap under the last bar on the daily. Could be an exhaustion gap but we won't know until we get a reversal (hopefully a gap) back to the downside (If it happens). It could be just that darn strong but I sure wouldn't chase it. Somebody will.