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February 07, 2013 at 11:05 AM EST
Three Little Bears Foresee a Stock Slide
Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter. Yesterday I offered Three Things the Bears Need to See. Lest you're allergic to click-through links I'll again list them below: 1. Market darlings getting taken out back and shot—and we can check that box (Apple (NASDAQ:AAPL) is off 34% since September—although it is trying to fill the upside gap (from earnings) above $$463 which would “work” (through a pure technical lens) to $512; the other “count ” as detailed here suggests a decline to $360). 2. The financials—up 18% in that same ...
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