Lessons of History Part III (and AAPL Forecast)

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Guide

Holy scripture says in Eccl. 1:9 RSV “What has been is what will be, and what has been done is what will be done; there is nothing new under the Sun”.

We always look for the clue financial markets give us, as what pattern of past, it is repeating, whether it is the exact formation, or in contracted or expanded form. For example, despite the recent moves of the markets, AAPL has exhibited certain price pattern, which reminded me of its past, similar price pattern was shown from Oct 2009 to end of Feb 2010. It went sideways for certain calendar days, and top and bottom have complete synergy. Please see attached. Same pattern is being repeated, thus we have more downside in AAPL prices. Price and Time Targets are shown therein.