Monday, February 24, 2014

AAPL shares are ready to collapse.

Check out the model from my last post on AAPL.  Despite the NASDAQ having recovered to new highs, AAPL shares are simply retesting the outer ending diagonal in the chart below (shown by blue lines outside of the original ones which I redrew in red in order to make them stand out better).

LOWER HIGHS and LOWER LOWS spells big trouble for Apple.  The company is screwed and has no new innovation now that Jobs is gone.   The soul-less bureaucrats running the place are just coasting, at least from a consumer perspective IMHO. 

These shares are at great risk of a mighty gap down in the coming months (one that will make the last one look tiny).

And so I will repeat one more time for those in the cheap seats: stocks have big value only if they pay a big, stable dividend.  That would be a very, very small part of the stock market.  The rest of it is a massive, margin leveraged DEBT PONZI.




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