On Jan 6th 2011, with price at $49 (price adjusted for splits) , i attempted to call the demise of $AAPL, by posting a monthly chart. Today with with price at $127 I attempt the same madness (calling tops without waiting for confirmation) as counts on multiple time frames all point to downside for the next few months. .
Monthly (just for comparison with the previous post)
Weekly (negative RSI divergence)
Daily (few questions remain unresolved)
1. Is the red 5 over yet or will it extend: Confirmation of a breakdown is if we break 105 in a hurry.
2. Is the red 1 actually a green/blue count (1,2,1,2,1) which will lead to a green/blue (4,5,4,5) to finish the pattern.
Targets will be posted in an update once we see an initial move down.
Monthly (just for comparison with the previous post)
Weekly (negative RSI divergence)
Daily (few questions remain unresolved)
1. Is the red 5 over yet or will it extend: Confirmation of a breakdown is if we break 105 in a hurry.
2. Is the red 1 actually a green/blue count (1,2,1,2,1) which will lead to a green/blue (4,5,4,5) to finish the pattern.
Targets will be posted in an update once we see an initial move down.
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