Apple Inc (AAPL) is 4% of SP500, much more of the NASDAQ, it is a market leader that forces Money Managers to chase it, but what now!
Some words from Art Cashin CNBC 20121009
Gann Angle Review
COMMENTS: Yes there is a swing trade coming. First approach to $700 was always going to be faded. But how deep will the current working C wave be ? There will be some buying at the first red 1x1 Gann Angle, it may even hold. However it may be the lower red 1x1 Gann Angle that proves to be the rock ($600 to $620). Very strong support at the blue 2x1 Gann Angle.
The red C? will be subject to the overall market momentum over the next week or so.
RTT Plus members were informed of a iTop on Sept 24 2012 while Apple Inc.
Reference: Apple Inc iBubble concerns
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