Yesterday my limit sell hit at 549. 00 at the broken neckline 555.00. Still sticking with the game plan of first daily reverse pivot take profit. Tomorrow may reevaluate the trade as i like to take profits. My buy limit for 576 never hit. Was really close though! The reason I trade limits. Take advantage of either possible direction when the market is deciding which way it wants to go. Let the market come to you! All you longs are getting a great deal. Looks like you will even get a better deal with in days to come.
A good thing the Buy Limit at 576 did miss! Whew! for you! I also remember that 549.00 trade was the one I didn't want to happen.... But it did, and now you're up 16+ pts. Congrats! AAPL could fall all the way to 500 easy enough, but it's not gonna fall to zero. There will be a snap-back rally at some point - maybe some good news from Europe will do the trick? Then there's more Earnings Reports coming down the road, and they're making plenty of $$ with their fantastic products. The Fund Managers who Sold High will jump back in, plus all those who missed the move from 425-644 will climb on board - they won't want to miss that train twice. That's my Thesis anyway, for whatever it may be worth. I've been going Longer & Longer throughout this entire Pullback, so will be finding out what it's worth soon enough!
I need 620+ by July 20th for one of my Spreads. That one still has me worried a bit.... Where are my antacids?