Apple and the Market in the Same Pattern (25 Aug 2010)
Usually what happens when markets breakdown or breakout, is that the high beta stocks will bust the move first. In some cases the stocks will be in similar patterns that the overall market is in. This brings me to this video, where I show Russell 2000 ETF (which is compose of 2000 stocks, compared to the S&P which is only 500) and Apple being in the same pattern. Watch this video and see what I am talking about and watch it all unfold.
Learn the parameters of a Head and Shoulders pattern at this site: http://thepatternsite.com/hst.html
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