Quite a turn-around in AAPL today thanks to an upgrade rating. Makes you wonder what was going on Thursday leading to it's breakdown. Either someone really wants to get rid of their shares (and is actively feeding them to the buyers who eat up these upgrades), or someone was desperate to get into AAPL before the upgrade and dumped a ton on the market before the close on Thursday (so they could buy them back this morning on the open). hmmmm
Either way, watch these levels. The longer a stock stays within a range the more explosive the moves could be coming out of the range.
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 firstname.lastname@example.org
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