The last time we looked at Apple it was trading well above the important support at 150.10. This is not the case anymore. With important support at 150.10 gone, we should be looking for increased downside pressure towards 113.80 at point 13 and point 14, which is closer to 69.92.
We need to appreciate the work Livermore did for us almost 100 years ago by giving us this model as our guide. It is better not to rush to buy as Apple shares may decline further soon.
