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TrailingVega
Aug 21, 2013 4:15 AM

Worst case for Apple. 

Apple Inc.NASDAQ

Description

Shooting star on the weekly would be quite serious. At the very least a test down to $480.
Comments
OldGoat
Agreed. I don't think that April was this year's low for AAPL. Not convinced October will work out as everyone hopes (writing this from a Mac, so not anti-Apple).
Haven't been able to put together a strong technical argument yet. This chart is one of the many things that make me nervous.
In the long run I think AAPL will go up and I am likely to be a shareholder again. For the next few months, I'm not interested in playing.
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