Sunday, October 18, 2009

Review III

GS, one of the best market proxy is facing a double top and important trend line retest. Nice bearish setup




Close up view:



Regardless of its numerous strengths as a company, we cannot overlook some appealing coincidences between AAPL and GS charts. Nobody can foretell what is going to happen with AAPL after earning report. It may rally as GOOG did but so far charts are suggesting a different story

AAPL weekly:





AAPL daily