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Has the Worm Turned?

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Apple’s business model is simple and straightforward: rely on people being so desperate to fill the aching psychic void in their lives that they regularly turn their expensive cell phone into land-fill by “upgrading” to yet another phone with some minuscule and useless marginal feature improvement that they don’t really need. It has worked for years, so much so that Apple is worth trillions, but the cycle seems to be kicking in again to the downside. Indeed, the latest risible rise didn’t even muster the strength to tag resistance. Diver down, baby.

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