The Power of the Pattern reflected that Apple could run up to $500 on a breakout of resistance- (see post here)
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Newtons laws of gravity hasn’t worked to well on Apple of late. Apple was at $358 when the chart above was made and today Apple has traded as high as $496 a share. APPL is up over $70 a share since the last post/breakout above line (1) above.
An example of why it can pay to follow breakouts!
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Apple is now reaching the top of its rising channel…A bad idea to harvest some gains right now? Could Apple at resistance impact the broad market?
Pod…
Awesome! More important than my line!
Thanks for sharing and your viewership,
Chris
Apple is reaching something else:
http://4.bp.blogspot.com/-nElHWPUIyBk/TzP3tsmLmVI/AAAAAAAADUo/Qbl-aPwULXM/s1600/aapl_us_w_12_02_09.png
What do you think?