Sunday, November 16, 2008

AAPL Update for 11.16.2008

APPLE INC. - AAPL

Monthly chart continues to show weakness, and it is playing out as per my analysis back in July 2008. There is no buy signal/pattern in sight, and looks to be heading lower.

Weekly chart continues to show weakness and remains below all key moving averages on this timeframe. Look for lower still to come.

Daily chart continues to show weakness and remains below all key moving averages on this timeframe. Look for continuation lower once consolidation/trading range is complete.

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