AAPL – Apple Computer (Last:359.18)

Apple Computer (AAPL) price chart with targetsA month ago, when the stock was shaken down hard on news that Steve Jobs was taking a leave of absence, I offered a very bullish target at 383.50 — nearly 18% above the shakedown low.  This Hidden Pivot objective remains valid, although you should be alert to a possible stall at 376.84, a lesser resistance.  Both numbers are clear and compelling on the 480-minute chart reproduced alongside. We’ll look to get short at the lower target, so stay tuned.