August 13, 2011


  • Bears of AAPL need the stock to dip below 364 and the last swing low which is 353.
  • Bulls will be safe as long as they stay above 20 week moving average as shown in 2nd chart
  • Bulls can extend profit if they are able to close above 20 Day Moving average.
  • Bears need 20 DMA to act as resistance.
  • USO RISING TO THE BREAKDOWN LEVEL

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore