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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

No Degenerate

chessNwine Mon Nov 21, 2011 2:45pm EST 2 Comments

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I normally reserve updates on my trades for the hallowed halls of our state of the art, real-time chat room inside 12631. However, since I have been so open about my short AAPL trade here on iBC, I thought I would note that I covered 1/2 of my full position just now, for the sake of discipline and not being piggish.

Specifically, I covered 1/2 my AAPL short at $367.77, and the initial short I started was at $385.24. I am letting the rest stay short for now, namely because the daily chart “island top” formation above $400 has been confirmed and the weekly chart is still flashing both a bearish MACD cross and divergence to price.

 

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2 comments

  1. The Fly
    The Fly
    November 21, 2011 at 4:28 pm

    “can I borrow $40k?”

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