Someone in the chat room asked yesterday whether the blithely bullish target at $231 is still valid, and the answer is yes. Even if our bellwether, Goldman, is no longer a lead-pipe cinch to knock each new rally target out of the park, Apple at least looks capable of making more headway into the clouds. The selloff this week did no damage at all to the hourly chart, and one must zoom down to the 5-minute to find a bearishly impulsive trend segment. It projects to 194.76, a Hidden Pivot, but I’m more enthused about bottom-fishing at 190.82, the safer target of a somewhat larger pattern (A=206.75, 1/26). ______ UPDATE: Close but no cigar. Apple fell to 191.38, missing our bid by 50 cents.
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