APPL Just filled the Gap

Apple just filled the gap I am on the SHORT watch with Apple as there is another gap fill down at $122.00 Set your alerts, or if you are looking to get Apple really cheap PAY close attention to what happens the next few days!

Note

I see that my rudimentary chart was not sophisticated enuff for TV viewers! Next time I will throw in a fib, rsi, and stochastics indicators. The reason I pointed this out is whenever we see a stock trade higher on the open than the previous days close, or lower than the previous days close we get a gap. It is probable that the gap will get filled at some point in whichever direction needed to fill it. In the case with APPL there is a tremendous bearish sentiment and high probability we see more selling, so if that is true, we would like to see the gap filled first as the first step in this chain of events. Then we look back and see where is the next most reasonable area that is gapped, or strongest support area. That area at the $122 level. We now will watch how AAPL trades and if we break lower than $142.19 there is a possible short entry position. Or, you can watch to see if we can fill the next gap lower. If we do we should consider buying opportunities and set alerts as there will be big buyers standing by to get in as AAPL finds a solution to this problem.

So next time I'll make the chart look more sophisticated; nonetheless, you need to have AAPL on your watch list as it may be one of my option plays. I promised to cover stocks, options, and futures when I reached 100 followers which just incorporates my normal days trading activity. So please accept my apologies for the simplicity of this chart :-)

biffbifford

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biffbifford

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