I'm a little bit leary of window dressing coming into year-end. Additional buyers that want to show it on their books for year-end, like they were smart and had it all along. I really think it gets marked up in the next 4 1/2 sessions. I would look for some profit taking just into the new year because of sellers with gains waiting for the new year to record gains in 2010.
I don't see too much resistance... I'm just glad I got out. I kept the stop tight, but didn't flip and go long.... just didn't expect that kind of move. I did daytrade aapl from the long side today though. B
I have traded Apple (AAPL) forever. This isnât the time to be short. APPL is currently completing a triangle pattern on the daily chart (since October) and broken above the top triangle line. Follow through in the next few days could lead to some nice gains. This is probably tablet rumor buying (until the rumors die down).