AAPL – Apple Computer (Last:247.07)

Using a murky low at 6.36 made in 2003, it’s possible to project a potential bull-market top at 274.80 on the weekly chart.  Although this isn’t a Hidden Pivot we should plan on shorting with a 10-cent stop-loss, it could prove useful analytically to the extent it gives us a logical top for the shares of an American company that has done so many things right. The target can be used by long-term investors to scale out shares, but otherwise it is a number that should simply be held in mind as we watch the broad averages ascend to some ghastly precipice that few would have imagined a year ago.