Apple may have turned a temporarily redemptive head-and-shoulders pattern into suet yesterday, but the stock will still have a chance at 512.70 to reverse its slide. That’s the ‘D’ correction target of the pattern shown, but it is not sufficiently compelling to try bottom-fishing other than via camouflage. The Hidden Pivot seems likely to evince at least mild support, but if none is forthcoming you can infer that a test of round-number support near $500 looms. A more precise number, using the 30-minute chart with night bars, lies at 497.63 (A=590.74 at 9 a.m. on 11/6; B=533.37 at 7:30 a.m. on 1/9; and C=555.00 at 3:30 a.m. on 11/12).
