AN AAPL TIMELINE AND WHAT TO EXPECT FROM IT GOING FORWARD
Let's be clear, I own zero shares of AAPL. I probably will never own a single share of AAPL. Not because I am bearish on the stock or the market by any stretch. But rather due to the fact that I have the need to move into opportunities where few others bother to dwell. I become highly nervous and agitated when every person in the world knows, loves and talks about a stock I own. AAPL is the personification of know, love and talk in the stock market. Makes me want to whip my tail out and hang myself from a tree. That is exactly why I do not own AAPL.
With all that said, during the entirety of 2012, I have managed to put my disdain for companies with cult followings aside in order to provide you, my ingenious guests, with countless opportunities to profit from the AAPL. I have been singing the AAPL song for months now due primarily to one of the most bullish technical structures you can have in a mega-cap name.
Here is the timeline of my bullishness starting on July 25th, the day after an earnings announcement that got player haters from near and far drinking the Kool-Aid
July 25th in an article aptly titled: The Drop In AAPL Today Did Nothing To Diminish The Favorable Technical Picture http://www.zenpenny.com/the-drop-in-aapl-today-did-nothing-to-diminish-the-favorable-technical-picture/
August 5th in an article aptly titled: AAPL Continuing Preparation For A Journey Into 700 Land http://www.zenpenny.com/aapl-continuing-preparation-for-a-journey-into-700-land/
August 26th in an article aptly titled: AAPL Keeps Whispering Sweet Nothings Via Its Price Pattern http://www.zenpenny.com/aapl-keeps-whispering-sweet-nothings-via-its-price-pattern/
What all of these articles have in common are continuous calls for AAPL to reach 700 and possibly 800 per share. A call that AAPL only continues to reinforce through behavior that I can only describe as technical excellence bordering on aburdity:
click chart to enlarge
AAPL
