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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • AAPL Testing Support At 20 Year Trend Line 1 comment
    Oct 31, 2012 12:39 PM | about stocks: AAPL

    Early in 2012, Apple (NASDAQ:AAPL) broke to upside of a 20 year rising wedge. It successfully tested the topside of the trend line in May, and is testing it for the second time now.

    (click to enlarge)

    Seems like this might be a good spot for believers to get long-er, and doubters to watch closely for signs of further breakdown. As a side note, money flow (red line chart at the bottom) has been trending down since 2009. That bearish divergence of rising price and falling money flow likely bodes ill for the stock at some point.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AAPL
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  • Will Ray, Jr.
    , contributor
    Comments (21) | Send Message
     
    I would like to buy more right in here
    31 Oct 2012, 10:54 PM Reply Like
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