Razvan
Long

AAPL - Nice Engulfing

NASDAQ:AAPL   Apple Inc
289 4 3
We have a very nice Engulfing right over the 500 level. We might see a retest on 571 before taking a clear direction.
It seems to have created a channel 505-555. We've broken bellow the middle. I'm thinking a drop on Monday to 505 area and then bounce. We could see "turnaround-tuesday" heading back up. Then again all up to politicians to yup and create a stir in the market.
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Friday sell off should continue and possible entry in last hour of trading for going long. I think tomorrow aapl could settle between 505-515. I'm hoping to update you as to the direction I'm going by 2:30pm est.
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Razvan LaureBalaure
Nice, it is still on the right way, stops on break even for now :)
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Not sure it has enough steam to run straight to that level. With option expiry this Friday, I see a bit of a pull back to $515-520 and then backup to $580.
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