Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, October 25, 2012

We're At The Edge

Stock Market Technical Analysis Blog

Click on images to enlarge

I posted two and a half year trendline charts above of the seven most important symbols.  In each one we have arrived at a make or break pivot which could easily have multi-month consequences in either direction.  

You can argue that with everything right at the edge and AAPL missing on its earnings after hours we are about to fall over the edge.  The other side of the argument is that they absolutely have to step in and rescue the market now or they will wish they would have.  We will see...


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