AAPL Nears Important Inflection Point...

The “bad news” about Apple Inc. (AAPL) is that the decline from Dec 23 high at 573.60 still appears to have some unfinished business on the downside.

The “good news”, however, is that my pattern and momentum work, near- and intermediate-term, argue strongly that 530-525 should be the worst case scenario prior to my expectation of a powerful upside-pivot reversal that initiates the next upleg in the post-June bull run off of the 388.87 low.