Last Summer from $262 to $239 and then what happened?
Netflix dropped from $231 to $192 in Feb, almost everyone thinks THIS stock is broken, on all technical levels, it will drop to $160 or below, I just checked, NFLX is trading at $245 today. They did the same trick with AMZN last year, almost identical patten.
What about the 200SMA break? That's the one I am worried about...other than the financial crisis meltdown, the only other time Apple broke that in last 5 years was in 2006 summer...may be this is a repeat of that? But with so much going on in the current global macro scene, this could be bigger than a minor shakeout..