Stock Watch 2.16.12 ” Poisonous AAPL”
When do you think this will work for you?
There were tons of traders piling money on AAPL at $520 pr share right about 5 minutes before that thing got a $30 haircut to close at $496. I know some bagholders will give me crap about how awesome AAPL is and how it will be a $900 soon but when the stock hit $520 the RSI indicator hit 91. That’s a sweet spot for profit taking sell off. This RSI indicator is so reliable I detailed how to use it in this video here. http://www.screenr.com/og2s Good stock or bad stock it pays to know when to get in at the right price.
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