Two Cycles You Should Know About–An Example From Apple Computer
When a strong stock forms a narrow
trading range at the day’s high, it’s worthwhile to pay close attention.
Needless to say, your buy entry is signaled by a breakout. Because of the narrow
range, your can prevent a big loss in case the stock moves against you.
10:06:49
(From TradingMarkets TradersWire)
Alert
Apple Computer (AAPL)
is forming a trading range at the day’s high on the 5-minute chart. It is
trading at 35.82, up 0.62.
Shortly after posting the alert, AAPL broke out and gave us a gain of nearly 80
cents in less than 20 minutes.
Remember, there are two cycles in the market as Larry Williams says. If your
stock is trapped in a narrow range, watch out. It may be exploding out of the
range sooner than you think.
If you have questions or comments, fell free to mail them to me.