The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Thursday, October 8, 2009

AAPL revisited

AAPL ended up breaking out of that channel I previously mentioned.However, the most recent highs have registered a weaker momentum push and it is looking very vulnerable here. Not to mention the weekly chart...oooffaa!
It would seem healthy to take some air out of AAPL's stock price now coming into earnings on Oct. 19th.
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