Wednesday, August 22, 2012

AAPL Update

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.

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