I’ve used a conservative pattern to project downside to as low as 140.83 in the days ahead. A rally exceeding 147.50 would negate the target, but if the bounce off Wednesday’s lows only gets to the green line (145.83), that would trip a ‘mechanical’ short stop 147.51. I’m not enthused enough about the trade to recommend it, however, since the intraday low barely cracked the green line, and because the initial risk would be $168 per round lot. Ordinarily, we look to keep entry risk down to a tenth of that.________ UPDATE(Jun 19, 10:09 p.m. EDT): AAPL remains indecisive, but the benchmarks given above still obtain._______UPDATE (Jun 21, 5:25 p.m.): Zzzzzzzzzzzzzzz.
