DANGEROUS APPLE CHART PATTERN INTO IPHONE 5 LAUNCH
Apple AAPL will launch iPhone 5 on September 12, 2012. It is widely expected that this will be the biggest consumer product launch ever.
Leading into iPhone 5 launch, Apple chart has traced a dangerous pattern. Monday’s bar on Apple chart is known as “outside day.” An outside day is characterized by a high higher than that of the previous day and the low lower than that of the previous day. An outside day is considered especially ominous if the close is near the day’s low and the outside day happens after a sustained bull run. This is exactly the pattern Apple stock has traced out on the chart.… Please click here or the title below to read more.
September 11, 2012