EDGE TRADER

Thursday, June 08, 2006

Failed breakdown?



Here is one of the stocks I was long earlier today, with as much as 17% of equity in this position today. Still clearly a bearish chart, but in the short term, AAPL failed to break out below support, which means it may test the other side prior to breaking down again. Near the close, I closed part of the position, leaving my portfolio 8% long AAPL. I think it opens up tomorrow, but where it goes from there is anyone's guess in this market.

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