Apple Inc Buying Climax Signals Sideways Action
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.
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