AAPL is still an enticing ‘mechanical’ buy on a drop to x=158.97, although there are no guarantees that the sleazeballs who control the stock are planning to let it fall that far. A bid at p=167.83 would be riskier, but we may attempt it anyway — using a ‘camouflage’ set-up, of course. That would entail dropping down to the 5-minute chart or less to create an entry trigger on an ABCD pattern of small degree, but we’ll leave the details for when the stock closely approaches the red line. The ‘D’ rally target at 185.56 will nonetheless remain viable in any foreseeable case. _____ UPDATE (Apr 12, 12:19 p.m.): Sellers have pulped the midpoint support so badly that there was no blip to trigger us ‘long’. The downtrend looks ferocious enough to achieve x=158.97, setting up the ‘mechanical’ buy noted above. Stay tuned to the chat room and ‘Notifications’ for details. _______ UPDATE (Apr 12, 4:39 p.m.): The downtrend turned to mush, but I doubt there are enough buyers to ignite a rally with staying power.
AAPL – Apple Computer (Last:167.64)