However bearish we might want to be, we must reckon with the bullish look of AAPL’s chart. The company is big enough — the largest in the world, by capitalization — that it can drag the stock market higher, or at least hold the broad averages buoyant, even when there is little determined buying. The pullback to the secondary pivot has not met our requirements for generating a mechanical ‘buy’ signal, but if AAPL corrects all the way to p=128.97, it would be difficult to justify not buying it there. We’ll attempt this if and when the opportunity presents itself, but for now it’s a good time to move to the sidelines and spectate. _______ UPDATE (May 21, 6:30 p.m. ET): Forget about a pullback all the way to 128.97, since AAPL needn’t correct any lower than 150.95 (click here for chart) to be considered fully recharged for another leg up. If the stock catches fire without falling even that far it will get to 155.13 before any significant resistance is felt. An easy move past that number would imply it’s on its way to 160.55. _______ UPDATE (May 22, 9:45 p.m.): The way DaBoyz trapped bulls on the opening bar suggests they will take the stock lower before running it up again. If so, look for a tradeable bounce from 151.47, the midpoint Hidden Pivot support of the pattern shown. _______ UPDATE (May 23, 6:46 p.m.): Today’s dreary price action caused the midpoint ‘hidden’ support to migrate upward slightly to 151.88. _______UPDATE (May 26, 1:31 a.m.): The stock has scuddled sideways to correct, enhancing the attractiveness of bottom-fishing at 151.88. A 15-cent stop-loss is advised, but cancel the order if it hasn’t filled by 1:00 p.m. ET).