14 Consecutive lower highs. AAPL

[jnbadger]

Anyone care? I use to look at this kind of thing, but I would usually look for a consolidation then a break before buying. But I suppose a guy could just buy above the previous day's high.

It's fun to look at these things. I've just never been able to make it work over the long run.

 

[FrankSlaughtery]

IMHO the number of lower highs just means it's a strong downtrend and that you should wait for confirmation before going long (e.g. at a MINIMUM wait for price to close above the 10 DMA) or even the 20 DMA to be more conservative.

for ex, AAPL has not closed above the 10 DMA since 6/6/13.
for ex, WLT (another stock making a string of new lower highs although there are a few intraday higher highs) has not closed above the 10 DMA since 5/22/13.