Below is a personal consideration about it. What I see from a chartist point of view is a broadening top pattern completing. But this is not the point here. The point is that when it broke up in february 2009 it had previously gone sideways for 4 months in an accumulation movement during which it lost 8% from the low signed by the arrow inside the rectangular box at left in the chart and the low in the arrow inside the rectangular box at right. Just 8% loss in 4 months : this is accumulation. And now ? Broadening top formation probably in which it has gained 10% from the high in the circled arrow at left and the circled arrow at right. 10% in 5 months............where is the rally ? Distribution ? Four months accumulation fits also well with five months distribution if history teaches something
http://www.pchs.it/i..._aaple.png.html
gg
Edited by andr99, 24 March 2010 - 03:48 PM.
