AAPL – Apple Computer (Last:193.53)

The stock has been on a short signal since it fell $4 to 195.57 to a week ago. There is implied minimum downside to p=191.52 for this presumptive correction, but a decisive breach of this Hidden Pivot support would portend more slippage to at least p2=187.46 or even to D=183.41. Since the broad averages will follow the stock whichever way it goes, we’ll monitor price action at HP levels closely. AAPL has returned to normalcy, more than keeping pace with MSFT in the face of news that would rattle buyers were they not predominantly heedless psychotics and buy-and-hold chimps who purport to ‘manage’ portfolios.