short term bottom on AAPL has been reached @ 2:09 stop 67.20 (I'm not going long btw) I don't do these countertrend trades.. just fyi
It will not close above $70 in fact $68 would be large resistance enough already $70 is about light years away .......
If one was going long go long right here 14:23 67.41 STOP 67.34 Although the odds of going long in a downtrend are never good , but things have to be kept tight.
As noticed if a stock player was going long on AAPL from my 02-06-06 02:10 PM post. he would have been stopped out after moving the stop to 67.34 what does this tell you? AAPL has no good support right now. Don't go long.
ksoninc, Its a low reward, low odds to go long on a down stock. Thats why you should never do it. Trade with the trend, things flow better. breakouts work, breakdowns work, less spoofs.