AAPL’s spectacular swan dive has created a very powerful impulse leg on the daily chart — one that bulls are unlikely to recoup quickly via the usual, raucous short-squeeze. There will be vicious squeezes nonetheless, but the more violent they are, the more effectively we can use Hidden Pivot levels to get in and out of trades. This was a salient feature of the dot-com crash two decades ago, and I doubt it has fundamentally changed. Looking just ahead, you can use this chart to get a handle on the stock’s behavior, however erratic. We’ll pay particular attention to ‘mechanical’ set-ups — not necessarily to trade them, but to give us an additional edge over other market forecasters. _______ UPDATE (Feb 25, 6:43 p.m. EST): After selling off steeply, the stock bounced from within an inch of the 285.53 midpoint Hidden Pivot support shown in the chart. I doubt the rally will get legs, but we’ll have to wait and see. If it relapses and takes out the pivot, the 267.82 ‘D’ target with which it is associated would be in play. _____ UPDATE (Feb 27, 8:47 p.m.): Here’s how that 267.82 target looks on a chart. I like it even more now than I did two days ago. _______ UPDATE (Feb 28, 7:05 a.m.): AAPL has overshot the 267.82 target by a whopping $4 so far.  At first I though this might be because the company is more exposed than most to coronavirus, which is true. That explanation won’t wash, however, since I’ve always maintained here that stocks drive the news rather than the other way around. When I redrew AAPL’s bearish ABC pattern so that it follows the coordinates I used to nail the overnight lows in the Mini-Dow and the E-Mini S&Ps precisely, however, I come up with a target at 254.41. We shall see. Here’s the chart.