I shorted at 171.86 on the 172 break but covered at 172.51
because it was coming up off support instead of breaking it. Seems
like it has the 172 5/22 swing low on the downside and
the 174.31 50ma on the upside so reasons to think both ways. Anyone
ever trade based on the "second signal"? Idea is that the first
break often sparks some buying and then short covering. If not much
happens then pull the trigger on the second time through.
(maybe?)
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Is anybody shorting AAPL?
Posted by zarathustra1 on 12th of Jun 2008 at 03:27 pm
Is anybody shorting AAPL?
aapl
Posted by bkout3 on 12th of Jun 2008 at 03:37 pm
I shorted at 171.86 on the 172 break but covered at 172.51 because it was coming up off support instead of breaking it. Seems like it has the 172 5/22 swing low on the downside and the 174.31 50ma on the upside so reasons to think both ways. Anyone ever trade based on the "second signal"? Idea is that the first break often sparks some buying and then short covering. If not much happens then pull the trigger on the second time through. (maybe?)