How to Make Money Trading Stocks (AAPL) The 31 year trend line to $178.00!

Closing Price $123.42!

[$DJIA 8642.87 $SPX 1007.92 200MA On the 60 y chart & we have 118.60 more points to get to the aggregate brick wall that we broke on 2-10-09 http://bit.ly/AXvQJ]

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Nailed IT!!! http://bit.ly/1j2fWN

Dow Jones Chart Link: http://bit.ly/11aS1w
VIX Chart http://twitpic.com/3kpfp/full
Mojo called the bottom before we got there. http://bit.ly/V1XxM

Apple Inc. (AAPL) The Stealth Bull http://bit.ly/EmI5i
14 years and not 17 years we were once under the trend line.
6-3-93 $14.31 / 5-8-07 $105.15

The rules for the setup are simple to use pivot points:

For shorts:

1. Identify bearish divergence at the pivot point, either R1, R2 or R3 (most common at R1).
2. When price declines back below the reference point (it could be the pivot point, R1, R2, R3), initiate a short position with a stop at the recent swing high.
3. Place a limit (take profit) order at the next level. If you sold at R2, your first target would be R1. In this case, former resistance becomes support and vice versa.

For longs:

1. Identify bullish divergence at the pivot point, either S1, S2 or S3 (most common at S1).
2. When price rallies back above the reference point (it could be the pivot point, S1, S2, S3), initiate a long position with a stop at the recent swing low.
3. Place a limit (take profit) order at the next level (if you bought at S2, your first target would be S1 former support becomes resistance and vice versa).

Category:

Howto & Style

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[Tradewithmojo]

NOTE: Day/Week/Month Fair Value (DFV / WFV / MFV) they are NOT based on any stocks valuation they are technical pivotal point code based on stock movement.

[Tradewithmojo]

New chart on the blog..........

When looking at the chart there is a typo it should read 92.75 high and not 72.75 which happen on June 2nd 2008. [Low MC indicator]

You can see on the chart we still do not have a bearish crossover. With the upper line at 96.38 and the low at 89.7176 currently.

Sorry for the confusion!

[Tradewithmojo]

China ramped up its gold reserves by 76% in the last six years. David Beahm, VP Blanchard & Co. $1,500 before 2010 $GC_F

[Tradewithmojo]

Human Cases Swine Flu = We will be talking on phones more.

[Tradewithmojo]

Short interest in financial stocks fell for the first time since January, according to a Keefe Bruyette & Woods research report published Monday. Short interest for financials declined 3.2% during the first two weeks of April, the report showed, which was in line with the broader market.

[Tradewithmojo]

Hold the stock then sell "OUT of the MONEY" calls....in the pocket, tax defered dividend.

This allows for future appreciation of the stock investment and gives you cash.

For example, I did suggest to sell both sides of the May/Jun/$120 strike price going into earnings....One could buy the May $120 call back then sell a Oct $140 had a HIGHER price..

Yo kpet the dividend from the sale of the original May $120 call but allowed yourself to hold the stock until $140 + $9 = $149 -- biglefthook_oo

[Tradewithmojo]

Reports Apple (AAPL) and Verizon (VZ) Considering an iPhone Deal

[Tradewithmojo]

Do NOT sell in May and go away!

[Tradewithmojo]

"Magic Decoder Ring (MDR)" .0456 more to go on the daily view for AAPL to be over the LT bullish line.

It went bearish on 8-25-2008 $176.15!

[Yahoo Message Board gave my lower indicator a new name]

[Tradewithmojo]

"Tradewithmojo has an unreal system including indicators and trend lines that he has coded himself. It is truly amazing to see this in real time in his room. He has made some unreal predictions about targets to buy and sell. A couple of months ago he predicted that that dow would drop to his target......he was 20 points off his trend line. Then we got a bounce. You got to believe when you see it in action. I believe him about aapl." Yahoo Message Board