AAPL – Apple Computer (Last:119.57)

aapl-has-room-to-runA Wall Street Journal story out over the weekend told how Steve Jobs has continued to run the show while on medical leave. He’s due back in late June, but in the meantime we should expect Apple shares to move relentlessly higher — most immediately to the 130.26 Hidden Pivot target shown in the chart. I usually don’t like to extrpolate C-D follow-through legs from AB impulse legs as steep and breathless as this one, but Apple’s revenue picture is so promising that it seems warranted in this instance.