The diary of a market speculator who trades stocks and commodities using technical analysis, chart patterns and trend following methods. I can be contacted at SinghJD1@aol.com

Friday, June 12, 2009

Exiting Apple Short Trade

I exited the remaining position in the AAPL short trade at $37.44. The stock is now near a decent support area and may be set to bounce. Keep an eye on the bounce. If it's on weak volume, we'll get another good short opportunity via a "dead cat bounce". Right now, the volume pattern is showing strong distribution.

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