The stock spent the entire week tap-dancing on a midpoint Hidden Pivot at 316.89. The frolicsome behavior suggests there’s a strong likelihood AAPL will ascend to the corresponding target at 333.58 when the opportunity is right. DaBoyz seem in no great hurry to get there and were reluctant to push AAPL out onto a limb without corresponding strength in the broad averages. A dip to x=308.55, the green line, would trigger a strong ‘mechanical’ buy, but such weakness appeared unlikely when last week drew to a close. As the stock continues to ascend, we can use p or even p2 to set up a ‘mechanical’ entry, but we’ll let the perfect opportunity arise rather than force trades. _______ UPDATE (May 26, 9:17 p.m. EDT): Check out the ‘mechanical’ trade I put out around noon in both chat rooms, since the tactics are similar to those you may be seeing here in lower-priced vehicles from time to time. They are geared to beginners, with the goal of making money for new subscribers in particular who may never have attempted a do-it-yourself day-trade before. The stock went on to trigger a ‘sloppy seconds’ mechanical entry in the same place at the end of the day, but the opportunity wasn’t quite up to snuff. The next bottom-fishing opportunity would come about four points below, but I’d prefer to see it unfold in real time rather than try to detail an entry strategy the night before. _______ UPDATE (May 28, 10:13 p.m. EDT): Even with the world’s most cocksure money behind it, AAPL has been struggling for oxygen during the last two weeks as it probes supply at the lofty heights of a mighty reverse head-and-shoulders pattern. The 333.58 target remains in play, a benchmark to modestly extend the bullish imagination rather than a place to get short. Here’s the chart.
