Tuesday, September 28, 2010

I'll take that little dip in AAPL as an opportunity to cover

MCP cup and handle

Another pattern to note is called a cup and handle. Long or short it works a good percentage of the time.
Here is MCP earlier today

AAPL once more

shorting AAPL on the upswing going into the afternoon session.
cover AAPL again. keep those loses small!
I'm drawn to short AAPL again like a moth to a flame...

AAPL


I wasn't quick enough to catch that 2nd AAPL drop. I'm covering after an hour later of drifting.
It is worth watching though

Where theres smoke theres fire


Looking at AAPL this morning. Unusual drop. Somebody knows something. I'll short it on the possibility that the drop was not an accident. If I'm wrong I'll take the loss.