UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: trader2012 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 261675  
Subject: Re: selling a stock Date: 10/8/2012 3:30 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Quill,

I think you’re rushing the "sell-date", as it is all too easy to do retrospectively. Take a look at APPL on a Renko chart, using a box value of one point. http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&m... That is a classic, Head & Shoulders, topping formation and exactly the sort of pattern an investor should be paying attention to, as opposed to the faster forming patterns (and indicators) that are more suitable to traders.

The Sell signal came merely a couple days ago as Price broke below the horizontal support-line of 660, with the expectation that Price will continue to head down toward the next level of support at something around 595.

Charlie
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
Post of the Day:
GetRichDieTrying's CAPS Blog

Becoming a Seasoned Investor
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement