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AAPL Breaks Down!


Monday October 8th, 2012
AAPL Breaks Down!
by Mike Paulenoff www.MPTrader.com

Apple Inc. (AAPL) gapped down this morning, which extended the down column of red O's from late Friday afternoon to a new corrective low at 642.

Today's break down triggers the potential off the enclosed P&F top pattern, which projects into the 620-610 area.

At this juncture, AAPL must print 650 to trigger a blue column of X's, which will represent a counter trend rally, not a buy signal.

AAPL needs to climb to a 660 print to trigger a reversal buy signal today.

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