Thursday, March 08, 2007

APPLE AND GOOGLE BEGINNING TO ROLL OVER AGAIN.

Apple (AAPL) is finishing the right shoulder of its head and shoulder base and is poised to break down. This represents a good short opportunity. Google has also been exhibiting bearish chart patterns showing that it closed the last two days in lower price range. It has filled the gap between $459.80 and $463.75 and may test and possibly breach the 200 DMA. It should be high noon for those attempting to find high percentage short position to look at Google while it is in midst of the dead cat bounce.

I have established 3 contracts of GOOG April $440 put positions and look to add on continued dead cat bounces on low volume.

Watch List: CME, AAPL, RIMM, GOOG, BIDU, AKAM to short.
LHCG, CROX, HLYS to go long.

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