{"id":831,"date":"2008-11-18T04:59:44","date_gmt":"2008-11-18T08:59:44","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=831"},"modified":"2009-01-16T11:19:16","modified_gmt":"2009-01-16T15:19:16","slug":"ive-seen-this-same-formation-a-million-times","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/","title":{"rendered":"What's ahead for Apple (New Video)"},"content":{"rendered":"<p>I was looking over several charts this past weekend and I was shocked to recognize a chart formation playing out before my very eyes. I've seen this same formation a million times before, but I just didn't want to believe it could be happening to my favorite stock, Apple (NASDAQ_AAPL). Some would call this denial.<\/p>\n<p>In the past I've written extensively about Apple products on this blog. If you have read any of these postings, you'd know how crazy I am about their products.<\/p>\n<p>Several months ago I discovered a major technical formation that spelled trouble for Apple. I have to admit that I was saddened by this. This formation was also picked up by our \"Trade Triangle\" technology. Our algorithm triggered a sell signal and has continued to suggest a short position for Apple all this time.<\/p>\n<p><a href=\"http:\/\/broadcast.ino.com\/education\/apple_nov2008\/ \" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-594\" style=\"float: left;\" title=\"apple\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2008\/07\/apple.jpg\" alt=\"\" width=\"118\" height=\"118\" \/><\/a><a href=\"http:\/\/broadcast.ino.com\/education\/apple_nov2008\/ \" target=\"_self\">Watch my new video on Apple.<\/a><a href=\"http:\/\/broadcast.ino.com\/education\/apple_nov2008\/ \" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-728\" style=\"float: right;\" title=\"reel\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2008\/10\/reel.jpg\" alt=\"\" width=\"114\" height=\"122\" \/><\/a><\/p>\n<p>I was surprised that we've seen this market come down so easily. It seems like every time I visit an Apple store they are always busy and their products always seem to be selling well.<\/p>\n<p>The question is, are we at the end of the iPod era?<\/p>\n<p>Given the chart formation, the double top and pivot point, it seems we are headed lower. The Pivot Point measures down to the $40-$50 range and Apple at $90 still has a long way to go on the downside.<\/p>\n<p>What caught my eye this weekend was a weekly continuation pattern to the downside and the fact that Apple closed at a new weekly low for the year. This is not a bullish sign by any stretch of the imagination.<\/p>\n<p>For this coming week, I expect to see further downside pressure on Apple. I believe that we are going to be looking at the $50-60 dollar range as our target zone. Of course everything within will be tempered by our \"Trade Triangle\" technology. When our short-term \"Trade Triangle\" turns positive, we will close out short positions and take to the sidelines. In my opinion, it's going to take some time for this market to improve and turn around. The technicals are just too weak at the moment.<\/p>\n<p>Every success in trading,<\/p>\n<p><a href=\"http:\/\/club.ino.com:80\/trading\/wp-content\/uploads\/2008\/05\/adamnew.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-429\" title=\"Adam Hewison \" src=\"\/\/club.ino.com:80\/trading\/wp-content\/uploads\/2008\/05\/adamnew.jpg\" alt=\"\" width=\"100\" height=\"76\" \/><\/a>Adam Hewison<br \/>\nPresident, INO.com<br \/>\nCo-creator, MarketClub<\/p>\n<p><a href=\"http:\/\/club.ino.com\/trading\/use-our-content-on-your-site-with-our-traders-blog-widget\/\" target=\"_self\">Put the Trader's Blog widget on your website for free. Details here.<\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>I was looking over several charts this past weekend and I was shocked to recognize a chart formation playing out before my very eyes. I've seen this same formation a million times before, but I just didn't want to believe it could be happening to my favorite stock, Apple (NASDAQ_AAPL). Some would call this denial. [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,10],"tags":[99,1197,1196,566,7947,1198],"class_list":["post-831","post","type-post","status-publish","format-standard","hentry","category-trading-tips","category-trading-videos","tag-apple","tag-apple-chart-formation","tag-nasdaq-aapl","tag-trade-triangles","tag-trading-videos","tag-what-is-the-lowest-price-for-apple-to-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What&#039;s ahead for Apple (New Video) - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What&#039;s ahead for Apple (New Video) - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"I was looking over several charts this past weekend and I was shocked to recognize a chart formation playing out before my very eyes. I&#039;ve seen this same formation a million times before, but I just didn&#039;t want to believe it could be happening to my favorite stock, Apple (NASDAQ_AAPL). Some would call this denial. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2008-11-18T08:59:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-01-16T15:19:16+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"What's ahead for Apple (New Video)\",\"datePublished\":\"2008-11-18T08:59:44+00:00\",\"dateModified\":\"2009-01-16T15:19:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/\"},\"wordCount\":386,\"commentCount\":7,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"apple\",\"apple chart formation\",\"nasdaq aapl\",\"trade triangles\",\"Trading Videos\",\"what is the lowest price for apple to trade\"],\"articleSection\":[\"MarketClub Techniques, Tips &amp; Talk\",\"Trading Videos\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/\",\"name\":\"What's ahead for Apple (New Video) - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2008-11-18T08:59:44+00:00\",\"dateModified\":\"2009-01-16T15:19:16+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What's ahead for Apple (New Video) - INO.com Trader&#039;s Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/","og_locale":"en_US","og_type":"article","og_title":"What's ahead for Apple (New Video) - INO.com Trader&#039;s Blog","og_description":"I was looking over several charts this past weekend and I was shocked to recognize a chart formation playing out before my very eyes. I've seen this same formation a million times before, but I just didn't want to believe it could be happening to my favorite stock, Apple (NASDAQ_AAPL). Some would call this denial. [&hellip;]","og_url":"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2008-11-18T08:59:44+00:00","article_modified_time":"2009-01-16T15:19:16+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"What's ahead for Apple (New Video)","datePublished":"2008-11-18T08:59:44+00:00","dateModified":"2009-01-16T15:19:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/"},"wordCount":386,"commentCount":7,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["apple","apple chart formation","nasdaq aapl","trade triangles","Trading Videos","what is the lowest price for apple to trade"],"articleSection":["MarketClub Techniques, Tips &amp; Talk","Trading Videos"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/","url":"https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/","name":"What's ahead for Apple (New Video) - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2008-11-18T08:59:44+00:00","dateModified":"2009-01-16T15:19:16+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2008\/11\/ive-seen-this-same-formation-a-million-times\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/831"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=831"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/831\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}