1/27/13

Apple Inc. (AAPL) When The Party Ends, Everyone Rushes to Leave

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Apple Inc. (AAPL) When The Party Ends, Everyone Rushes to Leave

Stocks closed higher Friday, with the S&P 500 ending above 1,500 and logging its longest winning streak since November 2004, boosted by a batch of upbeat corporate earnings reports. All three major averages turned in their fourth-consecutive weekly gain.

Just because AAPL longs looked-for some more salt rubbed in their wounds, here comes Apple's cartooniest analyst who heretofore had the highest price target on AAPL some 140% higher than where it is now, and working at

AAPL Stock Quote, and financial news from the leading provider and choice-winning MarketWatch.com.

AAPL Stock Quote, and financial news from the leading provider and choice-winning MarketWatch.com.

Apple spent most of last year building a large, bearish have control over and shoulders topping pattern as you can see in the weekly chart. The left shoulder peaked in April and the have control over twisted in September when the high of 705.07 was made. The right shoulder is

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