Apple Has Drawn The Long-Term Head&Shoulders Pattern

For those interested in the technical analysis - one of the most popular stocks, Apple, has just made a long-term "Head and shoulders" pattern. According to the technical analysis, it means a trend reversal. What is more, it took around fourteen months before the pattern was drawn:

source: www.stockcharts.com

Another thing - Apple is a leading stock. It sets the general trends. If this tech-giant breaks its long-term upward trend it is not a good sign for long positions in stocks...