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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: Gush who wrote (485)	6/1/2005 6:18:28 AM
From: Walkingshadow	Read Replies (1) of 4814

I am going to liquidate my entire AAPL position. This chart has trouble written all over it: 139.142.147.218 Gonna take profits and move on. AAPL is seriously deteriorating technically, and there are clear sell signals with a bearish candle yesterday. Note especially the topping formation beginning in February, then the gap down on big volume. That is a very bad sign. Now it has filled that gap, but got turned away at the top of the gap. I don't think AAPL will recover from that any time soon, and may well be at the beginning of a long-term downtrend. stockcharts.com[w,a]dacayyay[dd][pb50!b200][vc60][iLg!Lp14,3,3]&pref=G Also note the trend in relative strength. AAPL is no longer a market leader. It is failing now. T

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