Apple Inc Buying Climax Signals Sideways Action

By: readtheticker | Sun, Feb 19, 2012
Print Email
Apple Logo

Should I dare say that AAPL is entering the last (temporary) stage of its great rally from 2009. A classic blow off top, a Wyckoff buying climax. Once again only fools would call a top in this stock. However price action like this may be used to sell into, the last earnings news was a great chance to pump the stock up for selling. If Fund managers smell trouble else where in the market AAPL offers a great chance to raise some cash.

Previous post: AAPL is warning of a classic market top

Chart.

Apple 9-year Chart

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/