As I have said several times today, I want to use price strength in AAPL to enter short / Put positions. I imagine many are wondering where, it seems AAPL has some more to go, but it still has that anchor attached.
AAPL 1 min is still in line, unlike BIDU that we just saw, I want to see this go negative, like BIDU.
The AAPL 5 min is the anchor that for me, makes shorting price strength fine here as this is a more important chart and in much worse condition.
The BIDU 1 min negative has just started to migrate over to the 2 min chart as I was waiting to see, it is probably fine here, although I prefer strong signals in moving on trades.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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