Tuesday, August 14, 2012

AAPL and Parabolic moves

Most of you know how I feel about parabolic price moves, I don't trust them and they almost always give me good reason as they tend to fall just as fast or faster than they went up, AAPL is putting in such a move on diminishing volume right now. I'd add to AAPL here, but I'm at the max position size for AAPL and I still try to follow rules.

 Parabolic move this a.m. on diminishing volume, VERY NICE.

 AAPL on the short end 5 min chart.

AAPL on the long end 30 min chart...

Today might be interesting...

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