Saturday, December 29, 2012

AAPL and NASDAQ CHARTS on the Great Fiscal Cliff Interview With Greg Mannarino

Evidence of the Fiscal Cliff is close, reaching the Right Shoulder of the Long Term Weekly Head & Shoulders Pattern. The next step in completing the pattern is breaking the NeckLine. The Neckline is Labeled in the Chart by the Lower Trend line.

AAPL is nearly 15% of the NASDAQ, for this Reason I believe the NASDAQ will be hit harder than the usual Correction. Unlike the NASDAQ, AAPL did not complete the Head & Shoulder Pattern. AAPL has not seen a long term weekly sell signal for many years. and is much more Bearish than the overall markets.

Greg Mannarino, a very passionate and intelligent interview by Pete Santilli.