Apple bulls are stranded on the island of death
- Posted by PeterLBrandt
- on October 23rd, 2011
An chart island is not something to be taken lightly.
$AAPL now has completed an area island top on the daily chart.
At a minimum, Apple should retest the 350-355 area. At a maximum, this island may represent an important intermediate top in the stock.
Sometimes people stranded on an island remain there to die.
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Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. From his start in the commodity industry, Peter's goal was to trade proprietary funds. But, he first needed to learn the business. More » 
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