The Correction could take a few weeks or a few months. This is only my personal opinion and not a buy or sell recommendation for you.
Comments
timwest
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I wish you had said it was a short :-) Just picking a stop loss is all you would need to do. What do you mean by "Watch the next week's action."? Do you want ideas on how to choose a stop loss? It's a shame if you missed this trade because you pointed out a low-risk entry. Earnings were certainly a disappointment, but with all of that OBV (FLOW) into the stock, the stock may be supported down here. Either way, I'd love it if you took a stand and laid out a plan that we could follow. Cheers. Tim
charttrader
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Tim, are you still bullish on goog?
timwest
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Over the long term, yes. I think this is a great opportunity to take advantage of these lower prices to buy GOOG. I'd say that from my perspective I think that AAPL will be at best flat in price but most likely lower in 10 years and GOOG will be at least triple the current value.