timwest

AAPL breaking the previous 5-day range low

BATS:AAPL   Apple Inc
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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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Followed.
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timwest rc-weich
If you don't mind me asking... what is it that you disagree with? What I think everyone likes about it is that this turned out to be a trade with nearly zero-movement against the position and it moved dramatically. The hardest part, I believe, was deciding how to cover the short position.
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Agreed.
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Agreed.
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Agreed.
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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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