HEAD AND SHOULDERS POST IPHONE 5 10% CORRECTION AS EXPECTED. 620 HELD SHOULD MAKE 20% MOVE UP TO 760/780 BY YEAR END; NEXT STOP 720, SMALL CORRECTION AND THEN RUN INTO YEAR END
Bearish on AAPL due to this pullback, WELL DON'T BE! Every single AAPL product since the original iPhone saw a correction in the stock after the event with one exception which was the recovery from the financial crisis. Once you see this correction on the grand scheme it looks like a normal healthy correction. $800 a share here we come. AAPL should put up EPS...
MAY SEE SHORT TERM WEAKNESS 100% MM IS 195 FOR TRIANGLE BREAKOUT
INTC RECENTLY GUIDED LOWER CAUSING SELL-OFF WITH WEAKNESS IN PC MARKET. KEYS TO WATCH: 1) SEE IF INTC TESTS THE LOWER TREND AND CAN HOLD IT. TEST DOWN TO 21.70 IS STILL HOLDING 2) SUGGEST COVER SHORT AT TREND LINE TEST 3) IF YOU SEE A FURTHER BREAKDOWN TOWARD 19.50 LEVEL RESUME SHORT.
APPL has finished the handle in a huge cup and handle pattern with an upside target of aprox $700,