Wednesday’s strong upthrust tripped a buy signal at 209.27, putting a 242.57 target theoretically in play. It’s not an even-odds bet to be reached, although the 220.37 midpoint pivot is. Accordingly, I’ll suggest using it as a minimum upside objective for now, and it may even afford us an opportunity to get short with risk very tightly controlled when it is reached. Your trading bias should be bullish in the meantime, alert as always to any ‘camouflage’ set-ups that occur on the lesser charts. Buyers’ interaction with p will deserve our most diligent scrutiny, since it could tell us whether a bull market that has depended on AAPL for leadership has any juice left._______ UPDATE (Nov 10): A week of flailing around generated a bullish impulse leg on the hourly chart, but it looks too delicate to survive. Look for more flailing as the week begins, then something more decisive on Tuesday or Wednesday. There may be a trade in the offing, so stay close to the chat room if you care.
