Thank God I’m a trader, not an analyst! There is a huge difference between being a trader and being a market analyst. Analysts are paid by being right. On this basis alone I am not smart enough to be an analyst. Traders are paid by managing risk. These two skill sets are a world apart. […]
The Apple has fallen…look out below! The decline by Apple today has completed a major reversal head and shoulders pattern. In the process I have now sold the final 1/3 (another 100 shares per $100,000 of capital) of my short campaign. A close above today’s high at 328.14 and especially above the Apr. 13 high […]
Is a weak Friday close a sign of weak earnings? Next week is earnings week for AAPL. The weak close expected today could be a “tell.” The H&S continues to form. I am short two layers of AAPL, waiting to place the final layer at the completion of the top. The rally on Wednesday sets […]
This content is for members only
This content is for members only
Apple is declining into support. The poisonous wrath from the Apple Computer “fruit and nut club” continue to come my way. Here are just a couple of excerpts from the “fan” mail I have received because I suggested that AAPL might be topping out. “This is nonsense. Never heard of a double head. This is […]
Will the fraud ever end? The fraudulent side of forex trading was revealed in recent weeks in just some of the following blogs and articles: Inside the Currency Broiler Rooms, Joshua Brown, The Reformed Broker, April 9. Pitfalls of the Currency Casino, Andrew Bary, Barron’s, April 9. Foreign currency trading is easy – an easy […]
It has nothing to do with Apple as a company! This is my third blog posting about Apple Computer in the past week. The first post suggested strongly a possible top in AAPL. The second post detailed a three-part shorting strategy for AAPL. I executed the first two parts of that shorting strategy last week. […]
The Apple is falling — time for the harvest? I am a trader, not an analyst. Actually, being an analyst is a much harder job. An analyst is pressured to be right. As a trader, I assume I will be wrong 65% of the time. So my job is to find trades with a great […]
Is the Apple about to take a fall from the tree? Summary There are chart patterns…then there are textbook chart patterns. Presently Apple Computer (AAPL) is forming a head and shoulders top that could go into the textbooks as an example of classical charting principles. The daily chart of AAPL exhibits a near-perfect example of […]
