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  • keybotthequant keybotthequant Oct 13, 2011 1:23 PM Flag

    AAPL Daily Chart H&S Negative Divergence Top

    Here is a chart and TA for AAPL, top was placed in 420's three weeks ago, continued weakness projected for weeks and months ahead.

    AAPL Daily Chart H&S Negative Divergence Top:

    Keystone posted this chart on 9/19/11 calling the top in Apple due to the negative divergence and rising wedge shown by the blue lines. 420+ was the magic number to hit, which AAPL did, then rolled over. Steve Jobs passed away in the interim. Price is now back kissing the thick blue line. The neon green lines and circles show weaker indicators for the August-October low-to-low prints; this is bearish moving forward since it forecasts lower lows in the weeks ahead.

    A pink H&S is now in play, note the formation of a right shoulder now. This H&S has a head at 420, neck at 360, so that is a 60 difference which targets 300-ish, which is also horizontal support. Projection is for AAPL to continue sideways to sideways lower for the weeks and months ahead.

    For AAPL chart use search box above for keystone speculator.

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