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Technical Alert: Classical Head and Shoulders Top Forming on Apple
MINYANVILLE ORIGINAL Although I no longer practice the classical technical analysis craft I have yet to see anyone write about the impending classical head and shoulders top forming on Apple (NASDAQ:AAPL) on the weekly time frame. Yes there was talk of it on the daily time frame a couple months back and interesting enough most scoffed at it. Well Apple dropped almost 200 points from the highs in a beeline fashion -- far more than was called for by the technical set-up. Now it is forming the same pattern on the intermediate term time frame. Will it mean anything ...
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