AAPL – Apple Computer (Last:596.52)

A rare spate of negative press has extended Apple’s decline, which yesterday exceeded the clear Hidden Pivot target of the pattern shown. This implies that the stock is likely to grope its way down to July’s lows near 570 in search of traction. Alternatively, an unpaused thrust above two prior peaks on the hourly chart would not only provide evidence that the worst may be past, but a possible trading opportunity.  If it happens on my watch, I’ll post trading advice in the chat room. If you want to receive this information in real time, be sure to check ‘E-Mail Notifications’ on the My Account page.