Slope of Hope Blog Posts

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Rotten AAPL Revisited (by Springheel Jack)

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I think AAPL is a great company. My family own three iPads, two iPhones and I've even toyed with the idea of buying one of their desktop computers. A year after the death of Steve Jobs AAPL is looking stronger than ever, with just a minor couple of glitches at the launch of the new iPhone as their competition with Google intensifies. I won't be upgrading the OS on my iPhone until there is a Google Maps app but that is a minor irritation. 

As well as an AAPL admirer though I am also a chartist, and my strong belief is that the charts should lead without the chartist imposing any preconceptions on where they should be heading. I therefore posted a couple of charts on 13th September mentioning that the setup on AAPL was looking potentially bearish. You can see that post here. I then wrote follow up posts on 2nd and 4th October talking about the alarming RSI setup on the weekly chart and the retracements that this has always led to in the past, and the possible sloping H&S that was forming on the daily chart. You can see those posts here and here