AAPL is about to pull back. The overall market is needing a breather and we are about to get it. AAPL has held on well and the two bearish engulfing patters is an indicator that the bears are getting stronger. The MACD is topping out and heading down. We'll get a dip here to under $260, possibly to $250 or $240. I would be buying at these levels.
Disclosure
I am LONG AAPL Puts.
24Jun2010
24
Jun
2010
