The following LOG chart represent AAPL
stock for the past 30 years or so. You will notice that since 1985 , each time the stock a hits it upper resistance, it is followed by a brutal decline in stock price. The stock hit that resistance again in 2012 , can expect another big decline ? ( stock already down ~ 36 % from it's high).
Basically , don't try to catch a falling knife.
SOURCE : Original material publish by Mr. Kimble at Kimble Charting Solutions.