She has no clue. spouts off technical,jargon which she rarely understands. Plus when she tries to interrupt she looks like a fish called Wanda. Totally scripted. No stock she has pumped is up. Easy out, short the world.....with no timeframe attached.
What she said was that Apple's price was falling below that indicated by its "rising wedge" pattern. From that she's able to divine a price target of between 200-235. She belongs in an insane asylum. But take it with a grain of salt: from what I saw, she wasn't as much predicting what Apple was going to do as she was performing a screen test (in her own deluded mind) for a permanent spot on CNBC.
CNBC has no shame, they will let anyone be on that network.
You're going to listen to someone who called for BBRY to get to $40 before their most recent earnings report? Besides, she looks at long term movements. Right now AAPL is in a clear uptrend channel from a double bottom at $390 and is making it's way back to the 50 and 100 DMAs above $430. Better to go with the shorter term technicals if you want to make money. That's what the trading houses like GS trade on.
how many times has it tested the 50day MA in the last 3 months... like 4, and it failed every time. And call her insane, but everyone was calling her insane when apple was approaching 700 and she said it could fall back to 450-500.. guess what, like it or not she was right
Just skimmed through a little of CNBC's program that aired this afternoon and I was thinking the same thing tech_stock. After Abigail Doolittle's inexplicably horrendous chart evaluation on Blackberry a while back, it is a wonder that she can place so much faith in her chart analysis with such a straight face. The poor people that listened to her on that call are certainly hurting at the moment.