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Apr. 19, 2011 6:28 PM ETAAPL, XLK, QQQ
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Diffusion's Blog
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AAPL, our almighty hero, will lead the market up. Well that's my vision a few days ago (here and here) and today I see it is materalizing. Both XLK:AAPL and QQQ:AAPL formed a double top pattern and today's price action break down below the neckline of the double top. Technically both pairs will drop from here, meaning AAPL will lead XLK and QQQ. It is good to see an all time star goes back to the field and lead its fellows. The market may rally from here.

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