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Nathanael
24 Th07 2014 03:08

AAPL forming possible double top? 

Apple Inc.NASDAQ

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Unless someone can count otherwise, I feel like AAPL (and a lot of other blue chips in this market) are on their last legs.

Since the ATH in october last year, I believe we have been in an ABC correction, and we are currently on wave B.
Now within this wave B, which started around may this year, we started off with a zig zag move up.

It looks like we are currently on an extended wave C and have a little more to go before back down, but would not invest LONG TERM at all here. We might even go past the ATH, but its too risky in this market IMO (unless you day trade)

good luck all
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Nathanael
Looking pretty sketchy up here now....
Futuraman
Very nice indeed.
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