Apple’s vicious ups and downs have produced, most immediately, a 129.92 rally target that deserves our curiosity, if not quite our trust. If we were confident of the bull trend, we could contemplate a mechanical ‘buy’ on a pullback to the 127.19 midpoint pivot of the pattern shown (see inset) and a 126.30 stop-loss. As things stand, however, I’ll suggest zooming down to the 1-minute chart to find a (very) minor ABC pattern suitable for a ‘camouflage’ entry. Just such a pattern was taking shape Monday night, albeit without the stock having pulled back 127.19 (see inset).
