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.