Apple Inc. (AAPL) weekly chart ;
Is that a clear head and shoulder pattern ? Probably ...
How about that key support level ?
Note that these days, its pretty hard to find the perfect "level" (blame all those computer
generated trades, geeks designing trading systems, etc ...)
500 is a psychological "round" number ; if price dips below on heavy volume with bad news, short!
2 comments:
Hi Moise,
I am following your blog for a few years now and I always appreciate your insight.
I also check a few of the blogs you listed on the sidebar, some are very valuable.
If you are willing to comment on this, I have a question. Look at that post from ETF Corner : http://www.etf-corner.com/markets/2013/01/spy-are-you-ready-for-this-.html
What do you think of bold predictions like that, spanning on multiple years? Do you agree with him or this is simply a random gamble?
Best regards and a happy and prosperous year 2013 to you.
Hi, thanks
I know Serge Farra quite well :)
His prediction is highly probable !
I guess he also uses fundamentals for such prediction.
Sideway pattern is what we should all expect ; watch what the DOW did between 1960 to 1980 ...
20 years of sideway pattern ...
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