AAPL – Apple Computer (Last:240.29)

Apple Computer (AAPL) price chart with targetsAAPL didn’t get much of a bounce from the important midpoint support at 246.28 shown in the chart, so we should infer that the stock is bound for the 226.58 target shown in the chart. The midpoint is now resistance and was narrowly missed by the head-fake that began the day yesterday.  How can we take advantage of this developing weakness by getting short?  Not easily, since a feint to the nearest midpoint resistance today, 243.95 (15m, A=238.42 on 8/25), would have us shorting into a bullish impulse leg. Instead, I’ll suggest looking for camouflage on the very lesser charts once 243.95 is closely approached.  This one is obviously for seasoned Pivoteers only. ______ UPDATE (12:44 p.m. EDT): We can scrap the bottom-fishing idea, since AAPL has shown little weakness lately whenever the broad averages have declined.