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Featured in Barron's

Near-Term Topping for Apple

by Mike Paulenoff, Wed January 25th, 2012

Be alerted when Mike posts an article

Apple (AAPL) satisfied my preferred pattern action in reaction to earnings by thrusting above its 3-year upper channel boundary lines at 460-65. But thereafter it failed to hold above the top of the channel.

This argues strongly that AAPL has put in a near-term spike peak ahead of a near-term topping process that will be followed by a correction into the low 400 target zone.