AAPL is a major contributor to the doomed ‘wealth effect’ that has kept the world from falling into a deflationary abyss since the covid hoax. Friday’s wilding spree was a classic example, since the stock’s gap-up opening generated around $70 billion of gaseous ‘wealth’  the instant the regular session began. It seems  ridiculous with the U.S. facing a real estate collapse later this year or early next, but the chart of the world’s most valuable stock has been pointing to at least 177.11 since early March. AAPL was trading 30 points lower at the time, a fire-sale bargain as far as the Big Boys were concerned. Its relentless rise  since, along with that of Chipotle, implies that a bear market is not coming any time soon. Moreover, Chipotle’s rally target at 2739, 700 points above where it is currently trading, suggests it and AAPL will continue to tag-team higher after the latter finishes consolidating for its impending thrust to 177.11. _______ UPDATE (May 19, 11:36 a.m.): I just now realized that if a very subtle one-off A is used to project a top for AAPL, today’s high at 176.39 came within 13 cents of fulfilling it. The 177.11 target we’ve been using all along represented a theoretical maximum for the move, but the stock could still fall 72 cents shy of it if it fulfills the one-off target at 176.52. I prefer to get it very exactly right on option trades, but it would be a shame to miss out on putties for want of another 72 cents of upside on a move that has taken months to play out. Here’s the chart, but I will take a look at put prices and see if there is something appealing that I can recommend. (Check the chat room for my recommendation).