Recent AAPL channels

Speaking of channels, check out AAPL in the past 20 days. I really like the 15 min period  for looking for daytrading trends, and you can see here how AAPL has hot support at some key points and set up nice quick profit opportunities. The most obvious is the big drop into the mid 145's which was well below trend. This was basically an opportunity for people big on value. If you believed AAPL is a good solid company, this an amazing gift. The gift was gone by the end of the next day. ATM AAPL options picked up at the lows were good for 500-600% gains before it peaked.  

Good opportunities don't last long.  But even if you missed it, its exciting to know stuff like that happens. So keep your eyes and ears open.

As of late, AAPL has finally kicked into the nasdaq Rally which started  few weeks back. Just after the quick low mentioned above, AAPL retested the low 150's a couple times (more excellent opportunities) and eventually bounced for good. AAPL went from 115 in mid march to 190 in mid-May, and trailed off from there. So let's see, 190-115 = 75, and 50% of 75 = 37.5, and 190-37.5 = 152.5...aha...a nice 50% retrace bounce. And lo and behold, look at the renewed interest since. Big retrace's in strong stocks are powerful opportunities laying in waiting as well.