As I’m thumbing through charts, I’m amazed how many “private bear markets” are going on with big equities. Overstock, Baidu, Pier One – – companies that are seeing 70%, 80%, and even 90% drops in recent history.
The drops aren’t quite as dramatic in the stocks below, but they have terribly interesting setups. Here’s Apple with its horizontals and price gaps.
Amazon is bouncing over a major now-broken trendline.
And, as mentioned a moment ago, Baidu is getting toasted on a marshmallow stick.
