AAPL – Apple Computer (Last:660.88)

I’ve reproduced the AAPL chart noted in today’s commentary, but with some proprietary details included. We’ll look to bottom-fish if and when the stock falls to the ‘d’ target at 649.74. However, if it rallies first to the 665.95 midpoint, camouflageurs shouldn’t hesitate to attempt shorting there.  _______  UPDATE (11:10 a.m. EDT):  After rallying $9 from yesterday’s low, Apple has topped so far this morning at 666.35, just 40 cents above where I’d projected a tradable peak. If you got short, cover half the position now, at around 660.50, and let me know in the chat room so that I can establish a 200-share tracking position for your further guidance. ________ UPDATE (3:03 p.m. EDT): A subscriber has taken me to task for the update, writing as follows: “Like, subscribers should have each invested $266,540 in this stock? Really?”  In fact, day-trades can be margined at 25%, so it requires only about $16k to short 100 shares of Apple.  In any case, when I have not provided an explicitly detailed  strategy, it is my intention that subscribers use my targets and tracking guidance in whatever way suits them — including leveraging swing points with puts and/or calls. _______ UPDATE: My forecast subsequently caught the low of the day within less than $1, so anyone who shorted the high should have covered the position.