Jaime,
Ok. The 33% correction I saw was from around the $24/share mark to about the $16/share mark, the drop-off between the two, starting in mid-Dec seems to be the left side of the 'cup'. The recent pops to over $19/share form the beginning of the right side of the 'cup,' and was done on heavy volume. Recently the volume has tapered off, and the price of aapl has dropped slightly, as the weaker shareholders bail out, who bought in the low $20s. Now, what I see happening is that the people who bought at 16 or so are bailing, and the stock will move higher before encountering serious resistance at about 24, where we will be forming the real handle for the cup, but that the right side of the 'cup' or 'saucer' is being formed as we speak. Then after sitting around $24 for a while, and those who bought at $24 got even and sell, aapl should begin to move higher.
geoff |
