AAPL's been making it clear it doesn't want to violate its 45 month Uptrend and close below May's Higher Low.
As long as AAPL consolidates between there and the 40 week MA (= 200 day MA) around 600, I think all is well.
AAPL's made plenty of these sideways moves before.
See April-October 2010, January-July 2011, August-December 2011, and April-July 2012 on the attached chart.
So this is nothing new.
For those worried about AAPL closing below the 200 day MA for the last 7 weeks, check out a 3 year chart for SBUX.
It recently spent 18 weeks below that line, and then went right back up through it again when the time was right.
This is nothing new either.
I've been reading all the articles about this latest pullback just like everybody else, and they're interesting enough.
But the bottom line IMO is the next Earnings Announcement in January.
If that report is good, or if positive info is leaked before it comes out, AAPL should be off to the races once again.
Buy The Dips!!
