Thursday, April 07, 2011


When $AAPL kept testing the 50SMA we made some "old teat" jokes saying that it was pushing it's luck, that if it kept sucking at the teats of the 50SMA it would give out.   That's exactly what happened as the 50SMA cratered.   Note it's doing the same thing now with the 100SMA:   336 was defended today but if you're long you don't want too many revisits to the area.