Chart Abbreviations:

3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;

Wednesday, March 4, 2009

Two ongoing trades: AAPL and RIMM

Make it clear here, what you are reading here is same as my Premium Services users, only difference is: there are more picks there... and for here, I will only stick with these two for now, until one trade closed one day.

AAPL: looks like the bull channel is valid, S1 offered good support, touched 50 ema today, HH/HL, watch for a close above 50 EMA again. very bullish chart set up here.

RIMM ： good day, HH/HL, closed above S3, hehe... no resistance zone ahead until S1: 48.83.

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Open positions:

RIMM: Jan 2010 70c at $2.25 and RIMM stock at $37.40.

AAPL: stock at $89.90, Jan 2010 100c entry at $13.90.

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