Chart of the Day: Apple

As much as I do not liking trading Apple I am putting this chart up because of a number of technical signals that are pointing to Apple continuing to drop.  The chart I choose was a weekly chart and the trendline started in 2009.  My rule is that when a long term trend is broken on the kind of price action we are seeing Apple this week.  Its either time to get out or reduce or wait.  I have heard way to many traders say that they are bullish on AAPL and then they get killed.  If you can see this is a stock that is falling despite the fundamental feel goods that many analysts are promoting it doesn't change the fact it is still dropping. 



Happy Trading
Brice