DaBoyz must have meant to perform the same sleazy trick they do two or three times a week, particularly on Fridays, letting AAPL fall on the opening to exhaust supply for a planned short squeeze. However, they evidently misjudged sellers’ eagerness and wound up creating a quite robust impulse leg that surpassed no fewer than four prior lows, two of them ‘external’. This implies the decline will continue to at least D=169.77 or perhaps lower for a more significant correction. AAPL lost Friday’s mild tug of war with indexes that had wanted to fall harder, but now they can and probably will. The pattern looks ripe for ‘mechanical’ shorting, most favorably on a bounce to the green line, however unlikely. either Sunday night or in the early going on Monday.
AAPL – Apple Computer (Last:171.52)