25th Aug 2011–The news follow the chart !

Ticker:

 

1. AAPL

 

Topic:

 

1. As I always tell my friends --- The news follow the chart, NOT the chart follow the news.

 

Lesson Learnt:

 

1. When the chart tell you to SHORT, you short it. The news will follow suit.
2. All the requirement to SHORT AAPL were fulfilled yesterday night. The price is curved by the 20MA line and at the same time blocked by the down trend line.
3. MACD poke through the zero line and going downward.

 

Intraday Chart

Historical Chart