AAPL – Apple Computer (Last:263.07)

Apple Computer (AAPL) price chart with targetsYesterday’s rally cleared two daunting external peaks (labeled), setting the stage for bullish action in this stock for weeks, if not months. We can use the 275.44 midpoint of the pattern shown as a minimum upside target for the next week or so, but once it is exceeded on a closing basis — which I  expect — the stock will have a shot at 315.32, with only one hidden resistance at 280.86 to buck the stampede.