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Tom Demark, a Bottom in Apple Inc is Near

By: readtheticker | Wednesday, January 16, 2013

Tom Demark is making a call that the current sell off in Apple Inc is near it's bottom. Let's review.

First the Tom Demark CNBC 2012-01-15

 

 

Comments: Like all tools confirmation will be required. To be sure the retail investor should wait for confirmation as the '13' exhaustion reading is not always a winner. A Gann Angle break, accumulation and or Wyckoff sign of strength. Nothing works all the time.

Case in point the current 2012/2013 USDJPY rally

USDJPY
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If you dont hae deep hedge fund pockets then a break of the red 1x2 Gann Angle may be a better signal to consider a LONG position.

Apple Gann

 


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Author: readtheticker

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