David of All About Trends on APPLE
The other day we talked about how GOOG was pulling back to a support level and that was the "Gimme" zone for a trade on the long side; so let's apply that same thinking to AAPL.
See that blue line? It's a support ZONE and so is the 200-day average. When (And IF) we get there that's what it's going to take to get us to go long AAPL. The flip side is? Any rally up to the red downtrend line and we consider short selling it. So there you have it, we just framed it for you – that's our plan.
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