The daily timeframe of Apple, above, indicates that the stock’s decline off recent highs has been almost too orderly. When that happens, you tend to either see a huge spike out of the channel to the upside, or what we are seeing today with a gap lower, below the extremely well-defined downtrend channel. The change in price action usually suggests that most of the decline is over…for a few days or weeks.
However, as we look at the weekly timeframe, below, you can see the potential for a massive head and shoulders top after a weak bounce. Of course, bulls will argue the more important issue is that the rising 50 period weekly moving average (darker blue line) has been tremendous support since March 2009, and they would be correct.
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Suck it, AAPL. This is what you get for stealing IP and forcing children to work 14 hour shifts!
Hi Mitt *(aka- Dirk), Glad you picked up some time internet troll work so quick after your bitch slapping last night.
I love pissing off AAPL cult members. Why don’t you dig up Steve Jobs and see if you can gag yourself on his iCock.
I must be sick, I laughed at that.
shut up you libtard
@Gordy, The time honored tradition for centuries has been that when one group vanquishes the other, the women and property of the losing group are pillaged. Accordingly, bath your wife, scrub her down real good to make sure none of your smegma is on her, and bring her to my place around 7pm tonight. Make sure she dresses slutty, because I am going to take pictures of the degradation, and pop them in the mail to accompany your family Christmas Card this year. Cheers.
Good call – this could well turn into a bear trap, or at least back well into the middle of the channel.
If we do eventually get a head and shoulders out of this pattern I will be very cautious:
widely recognized H/S have failed a lot this year; and it will have an upwards sloping neckline, making it even more suspect.
On the minus side, AAPL is in the top 10 of every mutual fund I own – value, growth, international, everything – that’s scary.
mutual funds suck
At least one rational response one this thread…thanks for the thoughts. Man the other people belong on yahoo message board IMO