Monday, August 6, 2012

AAPL Update

There's movement in AAPL as I suspected...

 1 min trend in a leading negative position.

 1 min intraday-remember this is after the break above the bull flag which offers retail demand.

 migration to the 2 min chart

 and the 3 min chart looking sharper on the downside.

Strategically, the 30 min chart already is in a position in which I want to consider AAPL as a short, it's just been the shorter charts and the head fake for timing.

I'll be considering a Put position in the options model portfolio, of course I'll let you know if I decide to open one.

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