This week Apple has met our Bearish Target of 400. The very strong support now is at 350.
Apple To Break Down to 400 and Gold & Commodities To Break Out on China Move AAPL, GLD, FXI, TNR.v, ILC.v, LMR.v, RM.v, CZX.v"C.S. We Do Love all Apple products and have written The Letter to Steve Jobs about Electric iCar. It Is Such A Loss - he did not have enough time.
Lithium Drive: Steve Jobs’ Apple iCar dream - Mickey Drexler: "Steve’s dream before he died was to design an iCar.”
But now we can see that this stock will go down and it will be fast - our target is 400, that gap needs to be filled. Apple has built almost perfect Bearish Reversal Pattern - Head and Shoulders and has penetrated the neckline. There is No Support until 400. Slightest Panic among investors which will come with the realisation that Apple is Not A Growth Story any more, but a Value Play will bring Over Leveraged Hedge Funds into the First Blood Bath of 2013."