AAPL – Apple Computer (Last:392.05)

Someone posted Rich Ross’s 317 target in the chat room, prompting me to take another look. Ross, who works for Auerbach & Grayson, invariably gets it right, and I was therefore curious to see whether Hidden Pivot Analysis could come up with the same number.  As it happens, there’s an HP target at 326.12 that is not only close, it is also the most logical next stop for AAPL following yesterday’s decisive breach of a longstanding target at 395.27.  The accompanying chart shows the provenance of this number as well as its visually compelling form.

An alternative point ‘A’ at 555.00 (also labeled in the chart) implies that Apple will also have a chance to reverse from its 365.80 ‘D’ target, but if that number gives way, further slippage to 326.12 would become likely.  The midpoints associated with these ‘D’ targets lie, respectively, at 405.57 and 425.37, and any rally touching either should be regarded by ‘camo’ traders as an opportunity to get short.