Whenever I’ve mentioned Apple, I’ve mentioned its broken channel, which is the most important feature of this largest-of-all-public-companies. I’m pleased to see that yesterday’s peak was the exhaustion point, and we’re reversing away from that very potent failed pattern.
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Here is the longer-term view, which illustrates the utterly precarious position that Tim Cook is in right now. I have no position in AAPL, but obviously, I am cheerleading its demise, since a weak Apple will absolutely mean a weak Nasdaq and, in turn, a weak market overall.
(Click on image to enlarge)
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