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....
• HAVE STOPS IN..

Fed was wrong then, are they wrong now?

Fed in 2005

• Go to 55 seconds
• Bernanke 2005: "A house price decline is a very unlikely possibility. Never happened on a nationwide basis"

• And yet so many believe him now...