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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 5050 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...
.."Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states"..
William D Gann
.."man exists for the achievement of his desires"..
Ayn Rand
..."This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President Woodrow Wilson signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."...
Charles August Lindbergh Snr
.."I never found beauty in the longing for the impossible and never found the possible to be beyond my reach"...
Ayn Rand
Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
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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 AMZN AORD AUY BB BTC COP CRB DJI DOW DXY ETH EUR FB FXE FXY GDX GDXJ GLD GOLD GOOG HMY HUI INDU JJC LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SIL SILVER SLV SOX SPY SSRM TLT TNX TRAN TYX UTIL VIX XAU XLE XLU
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