.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
.


The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Saturday 21 January 2012

AAPL

Probably not sensible to short Apple ahead of earnings announcement !Entirely possible we could spike above resistance.However I think the odds of a reversal this week are looking very good.Wait to see if we can break the red 1x1 angle and confirm that a triple top is in place.If long get out if the 1x1 breaks.
Am interested to see if this 7 month cycle works.I used the "death zone" concept to catch the high in gold at 1920.It is something I learnt about in a book by Joe Duffy, and Jeff Cooper,another Gann guy, uses it a lot in his short-term trading


4 comments:

  1. Your charts are great. I really appreciate your site (trapped Bear). Ouch...

    ReplyDelete
  2. Thanks,appreciated...we've all been there lol !

    ReplyDelete
  3. By the way CR, I'm glad you gave yourself an avatar. Although I was kind of expecting you'd have eventually selected something like this one:
    http://wineharlots.com/wordpress/wp-content/uploads/2011/09/Moet-and-Chandon-Water-Cooler-Champagne-Sparkling-Wine-Dispenser.jpg

    But hey, I guess the bottle of wine that the homy in your selected avatar is trying to open is big enough. I'll bet that lawn he's standing on is full of crickets though.

    ReplyDelete
  4. oh you colonials....you'll never understand...whats that game you play over there...Dancing on Ice with hockey sticks ? lol !

    ReplyDelete