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.
Labels:
dead cat bounce,
short setup
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment