No question, whatever the stock market has been butting up against this week is heavy. Even AAPL has lost its usual friskiness, retreating into the shallow wallow that has contained it for nearly a month (see inset). The stock’s last upthrust missed the Hidden Pivot target shown by $3, but the resistance hardly seems daunting enough for us to infer that the Great Bull has breathed its last. No way. But until such time as AAPL gets back in gear, providing the kind of market leadership that only an established world-beater can provide, neither the high-fliers nor the broad averages are going anywhere.
