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Morpheus Trading Group
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Deron Wagner is the founder and portfolio manager of Morpheus Trading Group. His daily focus is managing and trading the Morpheus Capital Hedge Fund, which he founded in April of 2004. He also teaches his swing trading strategy with The Wagner Daily newsletter, which provides exact entry, exit,... More
My company:
Morpheus Trading Group
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Morpheus Trading Group - swing trading blog
My book:
Advanced Technical Analysis of ETFs
  • Why Apple Is In Danger Of Breaking Below A Key Support Level 0 comments
    Nov 6, 2013 11:57 AM | about stocks: AAPL

    Apple is now showing relative weakness, which appears to be the eventual follow-through from the bearish engulfing candle (and subsequent bear flagish pattern) that formed on Oct. 29.

    If it breaks below the $514 level, selling momentum will very likely increase substantially. Here's the situation in $AAPL right now:

    (click to enlarge)$AAPL in trouble?

    In case you missed it, here is my original SeekingAlpha post pointing out the $AAPL sell signal on Oct. 29.

    Ok, Apple fanboys, go ahead and flame away. ;-)

    Just being objective, as I am with every stock, regardless of how much I like the product or service.

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