Friday, January 16, 2009

Thurs AAPL ORB trade


Yesterday I posted about AAPL and to watch it's first 10 to 15 minute open range. The range was broken to the upside which did indicate direction for the day, however..if you did get long you had to be able to handle a bit of heat. Soon after breaking the OR high it fell almost down to hit a new low.
The S&P closed well and indicates a short term bullish signal. And we see that in this mornings futures.
I will be looking to buy pullbacks today unless the opening range is broken to the downside.

No comments:

Post a Comment