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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 Decade-Old Support 0 comments
    Jan 24, 2013 10:31 AM | about stocks: AAPL

    News of AAPL's stalling growth has dropped the bellweather stock to a long term trend line that dates back a decade. Below is the 20 year (logarithmic) chart, showing that trend line in what appears to be an enormous rising wedge.

    (click to enlarge)

    Here is a 5 year look at the AAPL chart's more recent developments.

    (click to enlarge)

    It would appear that this may be a decent place to play for a bounce, but be very aware that AAPL is working on a 10+ year rising wedge, and may be in what Chris Kimble has called an "Eiffel Tower pattern."

    Disclosure: I am short AAPL.

    Stocks: AAPL
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