Last Update: 4.10.13
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Related Articles
Article from 9.28.12 – “10 Reasons of Why I am Extremely Bearish on $AAPL”
Article from 12.15.12 – “Why I Believe $AAPL is Headed $360”
Article from 1.1.13 – “Short-term Bullish Trade Idea Gone Rogue $AAPL”
Article from 2.12.13 – “Why I Entered Bearish Today on $AAPL” (Part 1)
Article from 3.27.13 – “Watch That 50! (ema)”
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3.27.13 Wednesday
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Entered Bearish (Puts) At Open @ $456.57
50EMA resistance, Doji right on it, gap down today, that was enough reasons for me to jump in at open.
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3.28.13 Thursday
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Added More This Morning @ $450.76
Recent uptrend move was not backed back volume thus volume was not confirming the trend. Once the gap was down yesterday, the momentum has started to shift.
After Close
Next level of support: $437-$432 ( possible inverted Head and Shoulders with right shoulder support). Selling volume is increasing last three days.
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4.1.13 Monday
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Closed 1/2 of My Bearish (Puts) Positions @ $436.83
(Last four candles what I call, “Acid Rain” = Another bearish candle after a Three Black Crows)
Possible gap fill at $432.96 today but I am expecting some kind of pull back to next 2-3 days (possibly to test that 10/20EMAs) before continuing another bearish run.
When Parabolics Flip
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4.2.13 Tuesday
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Old Support New Resistance
Still Holding Rest of My Puts
Volume definitely did come in but looks like bears snatched this one from the bulls. I won’t be surprised to see some sideways movement next few days before another dive and in that process (sideways movement), we might even get close to $437 vicinity again.
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4.3.13 Wednesday
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Added More Puts @ $436.86
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4.4.13 Thursday
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Added More (Puts) at Open This Morning @ $432.61
Due to low volume bear flag breakout today, not expecting a big move tomorrow.
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4.5.13 Friday
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Holding Rest of My Bearish Positions
We did gap down this morning but didn’t have enough juice to break $420 support which is a major pivot (from 2011 September and October). This pivot level must be broken before finding another bearish momentum. I am thinking we might get up to about $428 area on Monday (to fill that gap) and on Tuesday, the bearish run could resume and break $420. But then again that’s just my biased opinion.
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4.10.13 Wednesday
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All Closed Out @ $433.43
