Today's action could attest to this. APPL has been a dismal performer the past few months down over 20% from its high last year. It could be said that this will continue. Some expect APPL to bottom at $425 pps before it can be bought again.
Since tax selling is over and done, why is APPL down now? Probably because many expect this downtrend to continue.
APPL is turning into a 'downer'. It would seem the patience of many has been exhausted and he/she is bailing. How many more will endure the pain. Time will tell!