I love AAPL and all its products, but all good things must come to an end (or at least a pause at some point). I'm not saying here and now AAPL turns for good or anything like that, but in the next year or so the charts say that the run will end or at least finally begin the topping process.
The argument for this being a blow off top and a near term turn to come is pretty strong technically. (Note this fits with the supposedly impending slide in the equity markets.) Last week I posted Is Apple (AAPL) Headed For a 50% Haircut? where I warned to wait thru earnings to make any decisions. Well now earnings has come and gone, so is it time to make a big boy decision?
Looking at the charts -
AAPL Daily - Now the daily chart is setting a double negative divergence while price spiked right to and stopped at upper diagonal (black) resistance). Double negs on a daily are never good.
