Apple and the broad averages moved more or less synchronously yesterday, shooting higher in the opening minutes, then leveling off into balky rallies that promised to deliver at least moderately higher highs on Friday. For Apple, the rally was not impulsive, even on the lesser charts, but it would become so if the 126.48 target is achieved. Keep in mind that the long-term charts still show a bull-market target at 143.97 that has been unaffected by this correction. It may seem nasty for those who have been long the stock as it has fallen from a recent all-time high of 133.60, but on the weekly chart the selloff is visually unimpressive (see inset).
