Apple Inc Speed Test
At readtheticker.com we like Gann tools that work, and at the top of the list are Gann Angles. Most folks use trendlines and channels, but they dont give you a speed test of price action. Man, you gotta have a speed test!
The weekly Apple chart below shows that price is falling at 8 units of price to 1 unit in time, that is very fast. The pure fundamental money managers are on TV promoting Apple Inc cash balance and new product this and that, but as we all know this company success has attracted very stiff competition from the Andriod smart phones (Samsung) that has crushed margins. This stock is 'stay the hell away' for the retail investor until serious buying turns up and forces the breaking of the 1x8 Gann Angle at the very least. Retail investors do not want to be first in!
Time to get Gann Angles in your analysis!
Bert Dohmen of the Wellington Letter wins our vote on the Fundamental debate about Apple Inc.
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