The 336.22 target I sent out Sunday night nailed the start of AAPL’s maniacal, $12 bounce on Monday within 36 cents, telegraphing the correspondingly wild-eyed bounce that occurred in the Nasdaq 100 and the broad averages. It also caught the exact low of the gap-down, opening-bar plunge orchestrated by the stock’s inventively sleazy handlers. Let me repeat this for the benefit of new subscribers: Get AAPL exactly right and you won’t have to guess about exactly where the stock market is headed. The pattern shown suggests that Apple shares are all but certain to hit the 370.19 target. When they do, this important Hidden Pivot is so clear and compelling that it is bound to be short-able. Look for the pivot to act like granite the first time the lunatic brigade encounters it. I haven’t made the target publicly viewable, nor should you tell your friends about it. Your trading bias should stay bullish until it is reached, since 370.19 is also our minimum upside objective. If you’ve made $2000 or more when we get there, short the bejeezus out of ‘D’ with a stop-loss that risks half of it. ______ UPDATE (Jun 17, 9:06 p.m. EDT): Careful! The 370.19 target may have to wait, since AAPL’s handlers appear to be distributing stock ahead of a shakedown. Its purpose would be to steal stock from widows and pensioners at relative fire-sale prices. If the move creates any special opportunities while I’m in the trading room, I will let you know.
AAPL – Apple Computer (Last:351.24)