Saturday, March 2, 2013

Death of AAPL? Top almost in for the Market?

Apple (AAPL) Weekly

  • AAPL in a Bearish Fork
  • Break below lower end of the fork would be VERY BEARISH
    • Next major support is near 400 and 350
  • Bulls need a break above 550
  • AAPL must hold here or could fall below 300!!
Top Almost In?
Chart from Zerohedge
  • Good news there is a large amount of buying
  • Bad news it is all on margin!!!
  • History is a guide, we could be in trouble....