Tuesday, October 29, 2013

AAPL Follow Up

AAPL intraday looks like it will get a decent bounce, it's still early enough in the day for this to turn out to be a nice trade set up.

As I mentioned earlier, intraday AAPL charts are at worst, neutral, the 1 min however looks like a good intraday bounce, that's about the only way II'd enter a Put in AAPL or even a short at this point, in to a move up, but the intraday charts HAVE to fall apart...
AAPL 1 min...

This would be the same concept as buying a pullback with accumulation in to the pullback, just opposite, shorting a bounce with distribution in to the bounce, it may be an interesting entry and I wa wondering how the intraday charts would possibly fail as they don't tend to sell/short in to lower prices (they meaning smart money). This could obviously also present a better entry in any Q position, but keep tomorrow's fundamental risk in mind (2 p.m. F_O_M_C).

Obviously I'll be on top of the Q's and AAPL today.

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