Good Riddance to This Week

Earlier today, I thought Apple (AAPL) was headed higher. I actually believed a $560 close was possible when the stock was around $551. As it moved higher to $554, I became more confident -- and then President Obama spoke. At that time, the market started to sell off a bit and Apple pulled back quickly into the $551-$552 area.

That was enough to break the chart I was using. It didn't mean Apple was headed lower; it meant that I was flying blind. When I asked myself where I thought Apple was going to close, my response was one of the hardest things a trader utters, "I don't know." The only thing harder to say is "I was wrong," but I knew at that point that I was wrong about $560....282 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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