Although AAPL’s fall to the 164.90 target (see inset) was all but ordained two months ago when hard selling crashed the midpoint support at 181.57, the stock’s handlers have made it an ordeal for bears to profit easily. Shorting ‘mechanically’ on the squeeze up to 189.90 worked well, and I expect bottom-fishing at 164.90 to be a money-maker too, since the pattern is not very obvious. The rally would have the potential to hit 182, but I’ll suggest using a trigger interval of $1.50 to get long. If you are unsure about how to do this, ask in the chat room for guidance when appropriate.
AAPL – Apple Computer (Last:171.21)