I commence with my gratitude to The Creator
AAPL did bounce on my forecasted time cycle (on 5/17/11) as posted previously. However, sometime general market conditions supersede the individual stock or commodity time cycle. Market is under pressure and is about to break down, if it fails to hold the SPX 1,292-1,298 levels (I am of the opinion that it shall fail to hold that level for now and shall experience a serious correction.). AAPL has been developing a bullish flag or penant pattern, but these patterns do fail sometimes. When they fail, they fail miserably and reaction in price, is very harsh. Furthermore, AAPL is flirting with its 50-day MA and 21-MA, which are converging at exact same price zone. Failure to hold that, shall cause AAPL to go through another round of serious correction of at least $14-$20.
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