AAPL Apple Daily Chart Negative Divergence

The weekly chart is negatively diverged now, let's take a look at the daily chart. Just as ugly with the blue lines showing negative divergence across the board. Down she will go. Note the red circles. See how price moved up and the indicators also printed higher highs. That tells you that price wants to come back up for another higher high. Well, now it did. At this juncture you reassess and the blue lines tell the tale; negative divergence spank down coming. A long and strong stock would keep printing higher highs for the indicators.

When a price move occurs with such force and momo, however, price may see a little M top action as it reverses but the writign is on the wall. The analysts are in full blown pump mode now, telling Joe Sucka to jump in now before it's too late--and the pumper just so happens to have some shares he can give you, since he is such a nice guy and all. Like P.T. Barnum said, there is a sucka born every minute.

Keystone's 80-20 rule allows a move to 412-430, this is the top, then down to the 395 gap fill to start, then lower. Price will roll over as we move along, projection is sideways to sideways down for the weeks and months ahead. These daily and weekly AAPL charts forecast that the iPads, Mac's and other products are not flying off the shelves as the estimates say and, perhaps a delayed reaction to Steves Jobs lesser role is on tap. This information is for educational and entertainment purposes only. Do not trade based on this information. Consult your financial advisor before making any investment decision.

Note Added 9/26/11 at 7:11 PM EST: AAPL has received an intial spank down off the top on news that the iPad shipments are decreasing. This was in the charts ahead of time.