For those who followed my call to short Apple 4 months ago, (which I posted on this blog and mentioned in several previews), now would be a good time to consider taking profits, as we can already see from the chart some signs of profit-taking by the professional shorts. It is interesting that Apple is now at a key zone, having corrected 50% off its peak. I will be watching for the right time to go long.

aapl 111212 d1 screenshot

aapl 220413 d1

What is happening to the Apple giant?

To be honest, I don’t really know, but the chart told me that it was going to crash, so I just had to trust that something bad was coming up soon. Just like the case of Olam. The reasons will come later, but it would be too late to act by then.