was using the Power PC
line of processors in their computers, I was extremely skeptical of them. Their operating systems prior to OS X were abysmal. They crashed all the time, and the availability of software for anything I wanted to do was scant. Then they started rolling out Intel
processors, and updated OS, and a slew of performance upgrades and I was sold. But, as the attached article mentions, the hegemony of AAPL
is slipping. From the dreadful abomination that is iTunes, to less intuitive interfaces, to slipping iPhone sales, they are slowly and surely losing ground in the markets.
The most obvious support for this statement technically is the bearish head and shoulders
pattern apparent here. Next, we see a clear rejection from the important technical and psychological level of $120, and an exodus from the Ichimoku cloud
is solidly in negative territory, and the Aroon
indicator together with the ADX
confirms a lot of bearish
indicator shows AAPL
is oversold slightly, and the selling pressure evinced by the OBV seems disparate to the bearish
price action, so we may anticipate a small rally soon, but this should be interpreted as a good time to enter a short trade, at around the $104-105 level. The doji
candle at present seems to confirm a turnaround, or at least a pause from the recent landslide.