Tom Demark is making a call that the current sell off in Apple Inc is near it's bottom. Let's review.

First the Tom Demark CNBC 2012-01-15

Comments: Like all tools confirmation will be required. To be sure the retail investor should wait for confirmation as the '13' exhaustion reading is not always a winner. A Gann Angle break, accumulation and or Wyckoff sign of strength. Nothing works all the time.

Case in point the current 2012/2013 USDJPY rally

Larger Image

If you dont hae deep hedge fund pockets then a break of the red 1x2 Gann Angle may be a better signal to consider a LONG position.

Comments can be left here.