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AAPL…. A Buying Opportunity or A Signal to Bail Out


Admittedly, I am surprised that Apple Inc. (AAPL) has extended its weakness beneath the Sept-Jan support line, and has violated its prior significant pivot low at 538.80 on Dec 18.

However, in that my intermediate-term pattern and momentum work remain very constructive, my inclination is to consider AAPL weakness as another buying opportunity rather than a signal to bail out of the long side.

That said, the 535 area represents the squidistant-swing target off of the Dec 5 high at 577.38.

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