Shares of Dell Inc (NASDAQ: DELL) Could Go Lower Still Says Market Timer Frank Kollar
February 9, 2010 (FinancialWire) (By Frank Kollar)
Shares of Apple Inc (NASDAQ: AAPL) have lost ground since
the announcement of their highly anticipated tablet device,
the new Apple iPad.
A couple weeks back we wrote; “shares of Apple are
not acting right.”
Since we wrote that, share prices have declined almost
10%. There are several other negative indicators to worry
about.
Apple shares look like they have had a bearish double
top on January 5 and January 19.
Apple shares have broken below a rising trend support
line that has held all declines since May 14, 2009.
Apple shares have crossed below their 50-day moving average.
All of these bearish events could add up to nothing more
than a normal correction, except that they have occurred
right after blow-out earnings and the Apple iPad announcement.
We are looking for declines to reach $151.57 in coming
months, and possibly $136.47.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com)
which offers market timing strategies for S&P and
Nasdaq index fund traders, as well as bond, gold, small
cap, sector, ETF and stock trading strategies.
Kollar’s research has shown
that the financial markets are in tradable trends approximately
80 percent of the time. FibTimer strategies define trends
and trade them in both advancing and declining markets.
Caring nothing about what newscasters say or what the
latest economic indicator predicts, trends are where
the profits are, and that is where FibTimer is.
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