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Friday 25 October 2013

Buy Apple @ 524- won

Buy Apple @ 524 or 523 (stronger support) for 30 minutes expiration if it stays above
Apple broke above temporary resistance @ 524, see if it can stay above

Result: won (barely)
Apple expired @ 524.35 at 10:30am EDT, a better expiration would be @ 526.64 at 11:00am EDT
Apple's stock moved too slowly but stayed above 524, it also went up higher later & closed @ 531.91 at the end of the day

Apple also closed below 520 the day it announced iPad Air, when it should've stayed above
It only did after the market closed & never went below 520 after that
Apple's stock might require a longer expiration for an easier win if it continues to follow previous market behavior


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