AAPL – Apple Computer (Last:178.87)

I’ve altered the picture somewhat to produce an uglier but still logical downside target at 146.25. That’s $38 below the one at 164.90 given here previously, and there is compelling clarity to support it, including the precise bounce from the red line, p=172.24.  The pattern has already produced a $13 winner from a ‘mechanical’ short at the green line and would likely produce another if this remarkably vicious short-squeeze can get there. I say ‘remarkably’ because AAPL swam perversely against the tide for most of last week. Stay tuned to the chat room and your email ‘Notifications’ for tradeable guidance, keeping the 100-bagger from puts bought a few weeks ago in mind.