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When Buy Signals Fail

|Includes: Apple Inc. (AAPL)

New update to my stock market blog. The sell signals are in control at times like this. The big-time failure of the recent wave of buy signals provides antecdotal evidence. It can be taken as a contrary sell signal.

There's an annotated chart of Apple Computer, a market-leading stock. As such makes a great proxy for the overall market. There was a great big sell signal on July 27th, which proved to mark the exact top, this following a new-high breakout and run-up out of a cup-and-handle base.

Also let's not forget about our free stock screener, where you can screen stocks intraday for signals like these, and many others. You can't afford to miss it.