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Trader alert: This former “high-flyer” could be starting a reversal

From Stockcharts Blogs:

Apple suffered its biggest six-week decline since 2008, but signs of firmness emerged as the stock formed a spinning top at the end of last week.

Spinning tops represent indecision that can sometimes foreshadow a reversal. Also note that this candlestick formed with high volume.

A move above…

Read full article (with chart)…

KWN Special – James Turk: “We are Looking at Another Lehman”

With near panic recently in the gold, silver and global markets, today King World News interviewed James Turk out of London.  When asked about the tremendous volatility and where we are headed from here, Turk stated,“Think about what’s happening over here in Europe, Eric, you’ve got huge bank runs going on throughout the continent.  There’s a dollar shortage, the forward rates on the euro [...]