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Subject:  Re: selling a stock Date:  10/8/2012  3:30 PM
Author:  trader2012 Number:  259442 of 280338


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. 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.

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