As I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern, As well as the bearish AB=CD pattern (above). Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off. Then, IBM-halted at a double top, and sold off again.
Take the time to look at how many DOW-30-stocks have negative formations. This will give you an inside track as to the direction of the overall market.
Today's Nugget: “The four most dangerous words in investing are “This time it’s different”. John Templeton
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