AAPL Trading Channel

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March 20, 2009

You have to know the commercial to understand and if you have ever watched CNBC or had it on in the background for more than 20 minutes you know it. AAPL or Apple is trading in a channel. It appears we are at the top of the channel once more. Play the fiddle till its broke. A stop of say 110? I’m looking at June puts.

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  • http://money-eater.blogspot.com/ Sia

    It is my belief that by the time most channels are identified, they will soon be broken.

  • http://www.stockrake.com StockRake

    I always think that way as well. Probably not correct thinking though.

    Play what is, not what might become?

  • http://money-eater.blogspot.com/ Sia

    It is my belief that by the time most channels are identified, they will soon be broken.

  • http://www.stockrake.com StockRake

    I always think that way as well. Probably not correct thinking though.

    Play what is, not what might become?