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| Apple |
- Monthly chart = parabolic rise. All time high @ 644 made on 10Apr12. Closed at 580 tonight.
- This is the kind of near vertical rise that I am always wary of. When it reverses, bubble chasers die in a big way. Daily and weekly price action suggests a strong possibility of such a reversal in motion now. See how far away the MA line is below (at 450). Very worrying.
- Not involved here. Highlighted for interest only.
1 comment:
644-580 = 64
Yesterday closed at 609.50 = almost exactly 50% retracement.
= perfect location to go short ?
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