Thursday, February 16, 2012

Parabolic move AAPL similar to SILVER?

Well AAPL triggered a sell off yesterday rallying as high as 528 before selling off. It is in a parabolic move up, so looking at a chart of silver (which also had a parabolic move up in April 2011)


Now compare to SILVER daily

what happened next???

So the initial fall was 2 days, before it rallied to test the highs again and THEN collapsed.  Everybody was very bullish on silver at the time. (similar to AAPL now).

So probably worth watching to see how it reacts, it may be just a correction, as PARABOLIC moves can and do go much further than people think they will.  

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