Can AAPL hold up the stock market? The last upthrust was so powerful that the question is not so farfetched. My hunch is that there was a little bravado in AAPL’s struggle against the tide on Wednesday. But if the stock were to fall into the range 171-175 and then turn sharply higher, that could supply the kick the broad averages need to reverse course. Regardless, Pivoteers should focus on the prospect of a ‘counterintuitive’ buy if the stock rallies 2.40 points from just above the 174.12 low labeled ‘A’ in the chart. ________ UPDATE (Mar 1, 10:55 p.m.): AAPL once again looked impressive swimming against a strong tide. We’ll reserve our enthusiasm, however, until such time as the stock closes above 177.47 for two consecutive days. That would make a further ascent to 182.27 an odds-on bet. On the daily chart, here are the coordinates for the bullish pattern: A= 171.01 on 2/21; B= 180.62 on 2/28.
