In less than an hour, Apple will unveil its new iphone product. How will the stock react is the key question? 

The upper left chart was produced on 10/10/12, at the time of the iphone 5 announcement.  At the time of the iphone 5 announcement Apple was facing a 30-year resistance line and was trading above $600 per share (iphone 5 post here)

The last time a major product announcement took place the 30-year resistance level one out as Apple fell a couple of hundred dollars in price. Now Apple is facing falling resistance and its 38% Fibonacci resistance level (of the $300 decline in price).

Will it be different this time??? Will the stock rise after the announcement?  Stay tuned!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past