AAPL forecast...will drop to 102.5

I took a look at AAPL's stock chart and its even worse than Google. The reason for this is Google has a lot going on. They just reorganized and are working on a lot of different projects for the marketplace so much so, that they broke themselves down into 5-6 different entities. Like a RSIC parallel processor. However Apple has been making out like Blackberry. Very innovative at one time, now not so much so. This is going to punish the stock price harder than google. Lets look at the chart:

There are several indicators all telling me this. First of all, the candlesticks on the chart are flashing top signals with the big upper tails and 'spinning tops' like we got today. Second of all, the ADX indicator is not showing a reversal is imminent, as the big black line is still rising and is still at 44. It needs to be below 20 preferably 15 for a reversal. The Williams, or the indicator on the bottom of the chart is still very much in overbought territory. When it hits the bottom of its range, then things will rise. The Aroon, or the top indicator hasn't crossed yet. With all of this put together and looking at its weak product line that is showing no innovation, (Introduce the I Holophone and things will be 2007-8 again, Mr. Cook) I expect this stock to fall to 102.5 barring any news in the space of 1-2 weeks.

More later today,

Tradinginsider