When a love affair breaks up it's hard to stay away. Let's face it many consumers
are still in love with Apple Inc stock. However it will be a mistake to re
start the investment program until some clear price and volume relationships
appear.
At the moment price has fallen from $700 to $450 (35.7%) and who is to say
that it has stopped falling. The Richard
Wyckoff law of effort vs result is very much in play with Apple Inc. Price
is falling with high volume therefore effort (volume) is being reward by a
good result (price falling 37.5%). Thus until price falling slows and stops
on very high volume selling will persist and the retail investor should sit
it out until a Wyckoff accumulation base forms.
The retail investor should stay away until:
1) Richard Wyckoff Efforts vs Result stops working so well.
2) Richard Wyckoff accumulation base and a sign of strength are present.
An example of this is the price and volume action between June 2008 and March
2009.
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.
Circle Us