Be careful what you ask for http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/EveningStar.html http://www.mysmp.com/technical-analysis/gravestone-doji.html Not picking on you but back to school basics
Had a tight stop on AAPL at just below 141.50 -it resisted it a lot but got stopped out, too bad never shorted it as it eventually fell almost $2 from there. MA stopped out at 256 too. Everyone on fast money was touting the commercial real estate names yesterday when they were up big yesterday-comeplete reversal today all bearish engulfing BXP SPG VNO VNQ SLG -if this is an interim top forming then these names would be looking pretty good shorts. Last time top formed few names gave quite good an indcation-this time its been RIMM so far, if we can add a few more names to it we can start looking at shorts same was as breakouts-just an upside down chart, I dont like calling tops as everytime there has been plenty of time to catch a top with the amount of screen time we put it.
I picked up some today at 47.10 will add more eaither around 46.50 or if it turns around and runs over 48 easy to be brave when CREE +$3 rig +$3 JPM(biggest position) up+almost3% for the day. So many people calling for a top*sigh*