In this week’s Morning Line commentary, I explained why AAPL’s dismal trajectory is about to worsen with a 10% plunge that will sink the stock market as well. More immediately, we are going to see a test of the 130.92 Hidden Pivot target shown in the chart (inset). There is additional, structural support from a key low at 129.69 recorded back in June, so don’t expect the stock to break down straightaway. Like many stocks, AAPL is falling after having failed to achieve a clear rally target of daily chart degree. If this ostensible correction overshoots its ‘d’ target, that would affirm the likelihood that the bear market is back in force after hibernating since October. _______ UPDATE (Dec 21, 8:46 p.m.): My downside target at 130.92 caught the low of a so-far $7 bounce from 129.89. Let’s see how well DaBoyz exploit this opportunity, which was ordained by cyclical forces beyond their (and our) understanding.  A small reverse pattern (a=140.00 on 12/7 ‘daily’)  says AAPL will get to at least 139.85, and that a pullback to 132.37 could be bought ‘mechanically’ with a stop at 129.87. _______ UPDATE (Dec 22, 8:40 p.m.): See my 13:22 chat room post for an explicitly detailed bottom-fishing gambit using expiring at-the-money calls. If you have enabled ‘Notifications’ on your account dashboard, you would have received a timely email concerning this trade.