• 808 days Will The ECB Continue To Hike Rates?
  • 809 days Forbes: Aramco Remains Largest Company In The Middle East
  • 810 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,210 days Could Crypto Overtake Traditional Investment?
  • 1,215 days Americans Still Quitting Jobs At Record Pace
  • 1,217 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,220 days Is The Dollar Too Strong?
  • 1,220 days Big Tech Disappoints Investors on Earnings Calls
  • 1,221 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,223 days China Is Quietly Trying To Distance Itself From Russia
  • 1,223 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,227 days Crypto Investors Won Big In 2021
  • 1,227 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,228 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,230 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,231 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,234 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,235 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,235 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,237 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

AAPL is Warning of a Classic Market Top

The much loved stock Apple Computers Inc is owned by everyone and is a market leader in price and capitalization. However classic pattern analysis (see book by Edwards and Magee) suggest not all is hot with this stock and therefore the general market.

Previous Post on AAPL: Wyckoff 2.0 for the 21 first century

Classic market tops are heavy with distribution, smart money selling to the dumb money. Distribution patterns that reverse are abnormally wide ranging and volatile. The latest price pattern in AAPL fits this category. Of course the mighty AAPL stock could shoot higher, but with each push higher has seen each sideways distribution patterns (that turn into re accumulation patterns) get wider and wider. This is not a healthy price advance, in the end a break of the long running and winning 1x2 Gann Angle will confirm a AAPL top and most likely a market top. Watch this space.

The chart..

AAPL Apple Inc
Larger Image

 

Back to homepage

Leave a comment

Leave a comment