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AAPL 12.7.11

Posted by StockBuz on December 8, 2011 at 11:32pm
Please no hate mail for this one but AAPL is definitely showing a topping pattern with a lower swing high and negative divergence on the previous high. Now we all know that some event could occur where it catapults through resistance to a new high, however a break below support will take it below the 200d [where AMZN is now]. Full disclosure short position with cover stop above $413 [78.6% fib]

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