The Eiffel Tower Pattern In Apple And Much, Much More (AAPL)

Courtesy of John Nyaradi.

Bear Market Draws Eiffel Tower Pattern in Apple Computer (AAPL)

The recent downturn in Apple Computer (nasdaq:aapl) has clipped more than 20% off the company’s stock price, putting it in bear market territory and impacting major indexes like the Nasdaq (NYSEARCA:QQQ) and S&P 500 (NYSEARCA:SPY)

chart courtesy Kimble Charting Solutions

But there’s more here than meets the eye and Chris Kimble, expert market technician has just published a Special Report about today’s current environment that includes:

• The largest head and shoulders pattern in the past 100  years (NYSEARCA:SPY)

• 70 year resistance line and bearish rising wedge

• Seasonal turn dates (we’re in one now)

• Fish mouth spread in U.S. dollar (NYSEARCA:UUP)

And much, much more.

Chris discusses the meaning of these charts, how significant danger could like ahead and specific strategies and priorities based on these important patterns.

Must read information for today’s treacherous environment.

Chris Kimble publishes The Power of The Pattern, every day and says that he’s not a bull nor bear but a student of repeating patterns with high probability of predictable  results.  His strategy is to find “Tops, Bottoms and No Middles,” and identify exhaustion and reversal patterns in many asset classes.

Get Kimble Charting Solution’s November 8th Special Report Now!

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