Friday, January 11, 2008

Trade alert

AAPL: just went long at 176.02, stop just below yesterday's low, IT=179.8.

Market is down big, but volumes are very light across the board, I doubt bears are seriously pushing at this level, it is probably all scared retailer bulls.

Watch QQQQ support at 47.4 and SPY at 140, if they were breached convincing, I will pick up some short positions.

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