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AAPL Presses to a 20% Corrective Loss


Apple Inc. (AAPL) continues to press lower in the aftermath of yesterday's election, with today's low at 564.70, or a full 20% beneath its Sept 21 all-time high.

Nonetheless, the AAPL faithful are being tested, and pressed to the next "ouch point," which could be in the 552-544 support zone that represents the intermediate-term upper-channel lines created out between March 2009 and Feb 2012.

Although 565-562 is the next key near-term support zone, larger, more powerful medium-term technical forces are calling the shots in AAPL now, which must be respected.

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