Apple’s breathtaking volatility may seem pretty wild, but notice how the stock has slavishly obeyed Hidden Pivot logic during the most recent correction. In fact, yesterday’s bottom fell a single penny from a very predictable low at 607.24 (see inset). If the correction continues, the next spot where we might look to bottom-fish lies at 603.11. _______ UPDATE (Monday, 12:09 a.m. EDT): Apple sliced through 603.11 pivot, telegraphing the further weakness that has ensued. The next logical chance for a tradable bounce lies at 597.18, a midpoint support, but once below it AAPL would be signaling more weakness to ‘D’ at 589.93.
