The steep selloff that ended the week should continue down to at least D=156.63 before bulls can mount a strong counteroffensive. The pattern associated with the target looks good enough for government work, although only barely because of its ‘sausage’ point B low. Even so, you can bottom-fish at D if you’re able to keep the entry risk down to perhaps 5-7 cents per share using an entry trigger from a chart of minute degree. I’ll provide guidance on request if I’m in the chat room at the time. ______ UPDATE (Apr 26, 11:47 p.m.): AAPL plummeted $10, but sellers didn’t crash the 156.83 Hidden Pivot until just after the close. Its decisive breach says considerable weakness remains to be spent. _______UPDATE (Apr 28, 10:10 p.m.): After the wicked goosing DaBoyz gave AAPL on the opening bar, shorts never had a chance. After-hours price action has been so violent, however, that there is little point in prognosticating ahead of Friday’s opening.
AAPL – Apple Computer (Last:160.01)
