AAPL – Apple Computer (Last:172.22)

After a steep run-up just before Halloween, AAPL turned boring and remains in an apparent consolidation with the potential to power a move to as high as 194.77. The initial push past the red line, a midpoint Hidden Pivot at 168.49, was strong enough to suggest there’s enough juice to achieve the target.  AAPL subsequently became a theoretical ‘mechanical’ buy on the pullback to the red line, but I would recommend doing so only via a ‘camouflage’ set-up, assuming you know how the trade works. A ‘mechanical’ bid could be used at the green line (155.34), stop 142.19, but there are no guarantees the stock will fall that far before it begins its presumptive ascent to 194.77.