Major Drop Incoming??

The 4HR AAPL chart posted here assumes we are in a SC wave 2. I believe we just finished another B wave and are about to embark lower in wave C. There is still room for OMH on negative divergence up to $170-171 area to hit our 1.786 of this move up. On the chart I have an arrow pointing to our next destination @ the 1.0 fib line with a box that states -30.69%...if you have been listening to Chris he has been calling for an almost 30% decline in the NEAR future for the S&P 500. Coincidence???



Needless to say, if you own any AAPL you might consider placing covered calls to protect/hedge your investment. Don't just take my word for it though. Do your own research.