Bear Market Draws Eiffel Tower Pattern in Apple Computer (AAPL)
The recent downturn in Apple Computer (nasdaq:aapl) has clipped more than 20% off the company’s stock price, putting it in bear market territory and impacting major indexes like the Nasdaq (NYSEARCA:QQQ) and S&P 500 (NYSEARCA:SPY)
chart courtesy Kimble Charting Solutions
But there’s more here than meets the eye and Chris Kimble, expert market technician has just published a Special Report about today’s current environment that includes:
- The largest head and shoulders pattern in the past 100 years (NYSEARCA:SPY)
- 70 year resistance line and bearish rising wedge
- Seasonal turn dates (we’re in one now)
- Fish mouth spread in U.S. dollar (NYSEARCA:UUP)
And much, much more.
Chris discusses the meaning of these charts, how significant danger could like ahead and specific strategies and priorities based on these important patterns.