I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower
AAPL has voilated the strong support at the neckline, as shown on the chart posted a few days earlier, thus fulfilling my original thought and analysis, that AAPL chart has inherit and internal problems, which I sensed with my gut feel and when it broke below one of my proprietary indicator (not really proprietary, it is known out there, but I use it with some fine tune-up)
At th EOD on Friday, I was not allowed due to day-trading pattern, to enter long on AAPL calls by my broker, that was the Universe telling me that my initial analysis was correct. AAPL today hit my first profit target of short position.
I hope some of you missed my previous post of closing AAPL put positions and got full benefit of my original AAPL forecast. I did not benefit from it.
Dry Wayne Dyer says in one of his lectures, that “listen to your gut feelings, as (GOD) the Universe is telling you something of importance. My original gut feel was to remain short on AAPL.
Market is also trying to create a bull-trap. Do not get caught in.
http://trade-in-harmony.blogspot.com/
so what to do now, open puts or wait for rebound and then open puts ?
Wait for the market follow the pattern shown on my charts, just posted!!
Remain Blessed
Mr.Syed,
AAPL is coming out with its earnings report tomorrow night. Should we wait till the results and then buy puts? I presume they will be very good due to the IPAD and Iphone..???
Patrick