I’ve altered my coordinates somewhat to account for the fact that AAPL has been pounding on 128.27 for two days. Turns out this is the previously undetected midpoint pivot of the pattern shown, where A=131.80 (see inset). Although I would not ordinarily have considered such an obscure peak as a valid point A, there is no denying the strong and precise ‘midpoint effect’ seen here. Bottom line: If 128.27 gives way, expect the stock to fall to 125.66, a hidden support that could be bottom-fished aggressively with a stop-loss as tight as 7 cents.
