Trillion Dollar Trendlines
Some of the largest, best-known, and most foundational equities in the country are just one bad away from core price failure. It’s worth keeping an eye on this trendline for Apple (AAPL)…
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…….this symmetric triangle for Amazon (AMZN)…
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………and horizontal price support for Facebook (FB)…
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Watching the giants dance can be quite entertaining but it provides no information about the rest of the world. Giants ARE DIFFERENT! We need to understand that. Aside from having far more resources than the rest, even the laws treat giants differently. NO, that is not fair, not at all. But "Mother Nature" is very seldom close to fair, usually much closer to brutal and merciless. This includes giants.