timwest

AAPL breaking the previous 5-day range low

BATS:AAPL   APPLE INC
1249 20 7
I find this UNBELIEVABLE that AAPL             has rallied from 380 to 640 without breaking below a previous five day session low (using ATR). That is an incredible advance and I will look around for other advances by other stocks or commodities that are this extreme. From a price perspective, this may be the most extreme percentage "one-way" move.

By: Technical Tim, Fri             , April 13, 2012
10:26AM EST
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charttrader PRO
4 years ago
Tim, are you saying that today's lowest low is the reason for short perspective?
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timwest PRO charttrader
4 years ago
Breaking under the low of the red-box I have drawn is the reason.

I am amazed at all of the news this stock has absorbed, but the headlines simply have to alert long term holders to unload shares to satisfy all of the buyers.

"When the ducks quack, feed them." This is a famous aphorism to explain how to behave properly in the markets. I've read this from a variety of the most famous stock traders of all time and it is one of the most difficult ways to trade because you have to stand against the crowd.

The bold and brash longs in AAPL haven't been tested in this entire rally, from a price perspective, from $380. If you look at it as a $38 stock going to $64, then it doesn't seem as thrilling, but it is the same %. I imagine it may be easier to find comparable bull moves than I had implied.

It would be interesting to assemble a page of the biggest, greatest bubble stocks of all time: S&P500 1987, MSFT into 2000, KO into 1998, DELL, CSCO, NASDAQ, NIKKEI into 1989, CRUDE OIL at $140, etc...
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gogg timwest
4 years ago
It was very interesting point. Today we have a confirmation of the short signal.
AAPL sell signal
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timwest PRO gogg
4 years ago
Nice going. I hope you handled the "heat" on the rally back up to your blue line.
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charttrader PRO timwest
4 years ago
Contin' lower on heavy volume (holding short since Friday) .
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timwest PRO charttrader
4 years ago
Good going. I covered my short at the opening today with earnings due out tomorrow. There are plenty of trades left in AAPL on the short side.
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Algokid PRO
4 years ago
AAPL has been trading of "fumes" for the past 2 weeks. Big decrease in volume
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timwest PRO Algokid
4 years ago
Good point. Always good to keep an eye on volume for clues.
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akuoso
4 years ago
Gapple went parabolic around 460 and it is about time it unwinds some of the hot air it has been running on. Plenty of gaps to fill on the downside.
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timwest PRO
4 years ago
I just covered my short position in AAPL at the opening just now because I don't want any risk ahead of the earnings due out Tuesday. What a ride down, back up, then back down. 9:43AM EST Monday, April 23, 2012
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Algokid PRO timwest
4 years ago
great job Tim !
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