AAPL Apple Daily Chart H&S Negative Divergence Top

Keystone posted this chart on 9/19/11 calling the top in Apple due to the negative divergence and rising wedge shown by the blue lines. 420+ was the magic number to hit, which AAPL did, then rolled over. Steve Jobs passed away in the interim. Price is now back kissing the thick blue line. The neon green lines and circles show weaker indicators for the August-October low-to-low prints; this is bearish moving forward since it forecasts lower lows in the weeks ahead.

A pink H&S is now in play, note the formation of a right shoulder now. This H&S has a head at 420, neck at 360, so that is a 60 difference which targets 300-ish, which is also horizontal support.  Projection is for AAPL to continue sideways to sideways lower for the weeks and months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or on any links attached to this site. Consult your financial advisor before making any investment decision.