AAPl, yet another bellwether institutional stock,
has a chart pattern that is on face value.. is almost hard to believe.
One may agree or disagree with Apples stock importance to the overall market,
but my own interpretation is that without Apples bull market leadership,
the US stock market is in trouble, and thus will find it difficult to recover any time soon,
as it is a forward leading discount mechanism for the economy, over next 6-9 months out.
Institutions have been large sellers of AAPl and that change in characteristic
has led to large scale distribution of the stock above 200,
PRIOR TO.. Apples misguided decision to stop breaking out,or "DISCLOSING
I- phone Sales on 11/1/18.
My own interpretation of the chart, shows that any rally in the stock
back towards the 200 area, will be yet another opportunity for large institutional owners
of AAPL to unload/distribute their stock,before the end of 2018.
It will also be very illuminating to see what AAPL largest shareholder
Warren Buffet, Berkshire Hathaway does in response to AAPL's recent sharp decline.
and/or if he makes a decision to start to unloading his shares.
I think the markets response to that news, should it occur,would be profoundly bearish.
My own chart read is that an ultimate initial downside target in AAPL
will not be complete, until price falls much further, back to the 168-170 area,
once any rebound rally towards 200, ... is complete.
193.53 Last.
THE_UNWIND
11/18/18
NEW YORK
has a chart pattern that is on face value.. is almost hard to believe.
One may agree or disagree with Apples stock importance to the overall market,
but my own interpretation is that without Apples bull market leadership,
the US stock market is in trouble, and thus will find it difficult to recover any time soon,
as it is a forward leading discount mechanism for the economy, over next 6-9 months out.
Institutions have been large sellers of AAPl and that change in characteristic
has led to large scale distribution of the stock above 200,
PRIOR TO.. Apples misguided decision to stop breaking out,or "DISCLOSING
I- phone Sales on 11/1/18.
My own interpretation of the chart, shows that any rally in the stock
back towards the 200 area, will be yet another opportunity for large institutional owners
of AAPL to unload/distribute their stock,before the end of 2018.
It will also be very illuminating to see what AAPL largest shareholder
Warren Buffet, Berkshire Hathaway does in response to AAPL's recent sharp decline.
and/or if he makes a decision to start to unloading his shares.
I think the markets response to that news, should it occur,would be profoundly bearish.
My own chart read is that an ultimate initial downside target in AAPL
will not be complete, until price falls much further, back to the 168-170 area,
once any rebound rally towards 200, ... is complete.
193.53 Last.
THE_UNWIND
11/18/18
NEW YORK