AAPL – Apple Computer (Last:571.93)

Apple Computer (AAPL) price chart with targetsOur Mother of All Bellwethers has bounced from within a figurative hair of a 555.29 correction target that had been two weeks in coming. If the rebound dies quickly — say, within a day or two — and Apple relapses below the recent bottom, that would be quite bearish, since Hidden Pivot D’s that have taken that long to achieve are not, as I sometimes say, chopped liver. But the bull will remain suspect unless the stock impulses higher within the same span of time, surpassing two peaks that lie, respectively, at 594.62 and 615.36 (see chart).