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
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
Your charts are great. I really appreciate your site (trapped Bear). Ouch...
ReplyDeleteThanks,appreciated...we've all been there lol !
ReplyDeleteBy 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:
ReplyDeletehttp://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.
oh you colonials....you'll never understand...whats that game you play over there...Dancing on Ice with hockey sticks ? lol !
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