AAPL – Apple Computer (Last:172.26)

We’ve held a 194.77 rally target in mind for quite a while, but let me offer an alternative target at 184.10 based on the pattern shown. This Hidden Pivot resistance does not invalidate the higher one, but I am proffering it simply because it looks like it is almost certain to be achieved. This is mostly because of the way buyers impaled the red-line midpoint pivot at 163.16 in late October.  A pullback to that number would be a back-up-the-truck ‘mechanical’ buy, although I don’t foresee any selloff being quite so brutal. Alternatively, a ‘camouflage’ entry at the pink line, a ‘secondary’ Hidden Pivot, will probably work best for getting aboard from near these levels. If you are interested in the trade, let me know in the chat room and I will provide timely guidance. ______ UPDATE (Dec 27, 6:15 p.m.): AAPL has gotten shaken down yet again by the same brazen dirtballs who have always called the shots in the stock.  Their rationale for temporarily pulling their bids was the overly familiar story that iPhone sales will fall short of expectations. Does anyone still fall for this line? In any event, it will have no bearing on my bullish outlook for the stock. That would change only if AAPL falls below 165.28.________ UPDATE (Jan 2, 8:46 p.m.): AAPL has entered its third straight month of tedious ups and downs. I would call them gratuitous but for the fact that it has all been preparation for a move to the rally targets noted above. Bored half to death, we have almost no chance of getting aboard at just the right time, which for all I know is…now.  Even so, I’ll continue to track and forecast the stock because of its bellwether status and the fact that AAPL by capitalization is the most valuable company in the world.