Markets getting smashed, $AAPL on watch As many o

Markets getting smashed, $AAPL on watch

As many of you who follow this board know, I am bearish on the markets. I'm not taking on any new penny positions and I'm not taking on any new sizeable long positions. I have one long position still on, and that is AKS and profits were taken on the first half with a good possibility 2nd half will be stopped out break even.

I didn't get the short setups I wanted for a swing trade, day trading is a different story, but I'm watching AAPL for a bounce if it can retrace to 500 which will be a 78% retrace, an area of prior support, and a round number. I will have to watch how it gets down there though.

This stock is something that everyone knows. I can't help but chuckle at the people who bought it at 700. Greed and ignorance of trading equals bad decision making.

[IMG]http://i.imgur.com/vXdrs.png[/IMG]