Apparent Lack Of Negative Sentiment On Apple Makes It Hard To Call A Bottom
by Dr. Duru
In late December, I wrote about negative sentiment growing in Apple (AAPL). Apple has fallen another 100 points since then for a 19% loss, yet, negative sentiment has not grown. In fact, if anything, sentiment overall has gotten more bullish. This setup renders bottom-calling in AAPL near useless. After the stock broke through my presumed support at $432 and now even hit my rock bottom target of $420, I am indeed more wary than ever of even more downside. In December, I projected this downside target because it would fill January, 2012′s big gap up that marked a major breakout at the time: read more »
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