Thursday, November 15, 2012

Opening 1/3 Long AAPL Position

This is the break on the very obvious triangle I said to watch for yesterday...

 The triangle I said to watch for a break below $538

Here's the break, the volume is building, I'll open 1/3 here as it's not much risk on a non-leveraged position and look at 1/3 more below the white trendline, by then it should be starting to show the positive divergences of a head fake, actually there are already some there, but the high probability, then I'll look at the final 1/3.

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