AAPL got pounded Friday, but it would take another drubbing to bring it down to the green line at 139.99, where the stock would become an enticing ‘mechanical’ buy, stop 132.60. There would be no guarantee of a rebound to D=162.12, since the uptrend begun two weeks ago has struggled to get clear of the midpoint Hidden Pivot resistance, 147.37. I suggest watching from the sidelines for a couple of days, since getting aboard in a place other than the green line would be labor intensive.
AAPL – Apple Computer (Last:145.38)