Thursday, February 23, 2012

02-23-2012 Is APPL ready to top?

AAPL has had a heck of  a run last 3 months.  Today was the investor conference.  No dividend announced.  Pretty ho-hum event.  So I looked at the chart:

Appears Money flow (MFI) has reversed to an outflow, cycles topping (channel upper cycle lines may have crossed - sell).  I suspect it is topping.

GL traders.

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