In commentary this morning concerning Apple’s latest plunge, I alluded to a possible Mother of All Bear Traps in the Dow Industrial Average.  You should check out the DJIA chart in today’s line-up, since it shows not only where the top might occur, but the precise location of a lesser one in the S&Ps that I’ve been drum-rolling recently.  The foregoing implies that the broad averages are capable of moving higher regardless of what Apple shares do.  You should allow for the further possibility that Apple, with a 447.55 worst-case target, is either at an important bottom or close to one, and an upturn in the stock could help buoy the market in the weeks ahead.  You can also click here to sample Rick’s Picks free for a week.