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Created on: 1/12/2012 5:56:26 PM Last Update: 1/12/2012 5:56:45 PM Posted by: RTT
WARNING: This entry is 5303 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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AAPL is warning of a classic market top
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 The much loved stock Apple Computers Inc is owned by everyone and is a market leader in price and capitalization. However classic pattern analysis (see book by Edwards and Magee) suggest not all is hot with this stock and therefore the general market.
Previous Post on AAPL: Wyckoff 2.0 for the 21 first century
Classic market tops are heavy with distribution, smart money selling to the dumb money. Distribution patterns that reverse are abnormally wide ranging and volatile. The latest price pattern in AAPL fits this category. Of course the mighty AAPL stock could shoot higher, but with each push higher has seen each sideways distribution patterns (that turn into re accumulation patterns) get wider and wider. This is not a healthy price advance, in the end a break of the long running and winning 1x2 Gann Angle will confirm a AAPL top and most likely a market top. Watch this space.
The chart..
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
...“I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street. As long as they realize the market is a business like any other business, they have a good chance to prosper.”...
Jesse Livermore
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
.."The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..
George Soros
..“If it’s obvious, it’s obviously wrong.”..
Joe Granville
..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
Bernard Baruch
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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AAPL AORD AUY BB BTC COP CRB DOW DXY ETH EUR FXE FXY GDX GDXJ GLD GOLD HMY HUI INDU JJC LTC MCD NCM NFLX OIL PALL QQQ RGLD SIL SILVER SLV SOX SPY SSRM TLT TNX TRAN TYX UTIL VIX XAU XLE
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