With the courtesy of Peter L. Brandt
If Jess Livermore had ever seen the upper chart of Apple he would not hesitate to sell it short at this point (see his note "Test before selling short" in the upper right corner of his chart). The break below Livermore's point 11 was his trigger and is clearly bearish for Apple in the eye's of Livermore. The break below 555 calls for a decline to near the point 7 low on Livermore's chart or close to 363 or about a 34% decline from here. Do you still want to be long Apple?
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