AAPL’s brutal tumble on Friday looked bound at the close for a minimum 137.83, the ‘secondary’ Hidden Pivot in the thumbnail chart. Because this price point coincides with a key low recorded on last Monday’s opening, sellers are unlikely to go for the gusto (i.e., D=134.59) until they’ve experienced a failed rally attempt from p2. A plunge in the first 30 minutes to p2=137.83 should be viewed as a buying opportunity, especially if you can craft a low-risk trigger using a tight rABC pattern with an a-b leg of no m ore than 20 cents. _____ UPDATE (Oct 13, 4:27 p.m.): The 134.59 target drum-rolled above nailed the low of a nearly 7% bounce that is one of the biggest ever for this stock in a single day. Only one subscriber commented on this — he said he made money on the way down — further affirming that subscribers have almost no interest in this stock. I get where you’re at, but I will continue to track AAPL anyway because, as I like to remind you constantly, it is the only stock that matters: Get AAPL right, and you get the stock market right. In fact, you could have made money buying anything today when AAPL was bottoming within 22 cents (i.e., two-tenths of one percent) of the billboarded target. Here’s a snapshot of the Masters of the Universe adding hundreds of billions of dollars to the world’s store of “wealth” by goosing the stock into thin air.
AAPL – Apple Computer (Last:142.92)

- October 14, 2022, 1:06 am
Grateful former subscriber.