05/24/2012 Featured Stock: AAPL


Cobra's Market View Private Messaging System shows:


I don’t like AAPL action today.

  • I see possible 3 Push Up or Double Top on the 60 min chart.
  • I see double Bearish Reversal bars (Gap up to a new high but closed in red) on the daily chart.

Both indicate that a pullback of some kind is due soon, unless, of course, AAPL could be up huge, really huge tomorrow.

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The system chart below is just to let you know I’ll gradually introduce a mechanical trading system (uses Cobra Impulse System as core) to trade on AAPL. The chart shows:

  • Since the year 2000, invest $10,000, no compound, for long only trading signals, the winning rate WAS 89%, the net profit WAS $47,783.
  • Since the year 2000, invest $10,000, no compound, for short only trading signals, the winning rate WAS 81%, the net profit WAS $13,737.
  • The system longed on breaking above yesterday’s high today. The stop loss is 3.9*ATR(10).

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