Tuesday, October 28, 2008

Prediction: Day 11

Today had a crazy rally. Apple is kissing $100 now. The question is are we over this economic slump or is this just another zigzag of the market.

If this rally happened over a few days, then it would feel like just the norm. However, it happened very fast, which is definitely giving an indicator that we should be paying attention carefully.

I feel a little bit more comfortable with Rule #3 in place. If Apple is between $98 and $102 in pre-market, I will short. Anything else and I am going to sit back and see how events unfold.

No comments: