Wednesday, July 22, 2009

Two Charts the Same Ideia

Little change since the last updates daily and hourly, time to do other important things. In the last bull market AAPL had a performance very similar to spx. Two charts the same ideia. Just before the start of a bear market performance relative to spx increased greatly. This is another sign that this is a bear market rally. The performance of AAPL over the last few weeks should indicate that the Top of spx be an important reference for the coming months maybe years. Rally May 2008 the performance / crazy then also the AAPL was great and the result was horrible in the months following. I believe in this and other reasons should be close to a Major Top leading the spx to new Lows.