AAPL has exceeded all long-term ABCD targets, so I’ve zoomed in on the most recent phase of its bull market, going back almost exactly one year, to come up with a price objective at 194.77 that should prove useful to us. The easy move past the 168.49 midpoint Hidden Pivot earlier this month suggests the target has a high probability of being achieved. Also, last week’s pullback precisely to the pivot suggests the pattern itself is a good one and that, moreover, if and when 194.77 is reached, there will be a tradable pullback from it — or perhaps even a bull-market top. For now, a pullback to the red or green lines that meets our simple criteria for a ‘mechanical’ trade is what we should be looking for. I will signal it in the chat room, presumably to initiate a trade using call options rather than stock, so that more subscribers can participate. _______ UPDATE (Nov 29, 11:05 p.m.): A pullback to x=155.34 (click on chart inset) seems unlikely, buy it would present a golden opportunity to bottom-fish the stock with a mechanical bid, stop 142.19. Plan accordingly. _______ UPDATE (Dec 6, 9:16 p.m.): AAPL was on its way to the 164.91 target of the pattern shown Wednesday, but the arse bandits who manipulate the stock for a living took it down so hard on the opening bar that sellers were depleted before the day was 15 minutes old. Let’s see whether they can accomplish on Thursday what they’d set out to do originally. _______ UPDATE (Dec 8, 12:33 p.m.): The stock has made zero headway in five weeks. The 194.77 bull-market target remains theoretically viable, but you should set the snooze alarm for 183.20, since that’s what it would take to waken bulls from their slumber. ______ UPDATE (Dec 13, 9:08 p.m.): Shift the snooze alarm to 175.51, since that’s where AAPL would start to look interesting again.
