AAPL is due to go negative cycle Tuesday - see MACD (blue histogram).
Targets:
1. A close under the 10MA of 529
2. next stop will be the 20MA around 510/515.
If the 20MA can be closed below sometime this week, then we have a real chance of $470/450 sometime next week.
$450 would imply...
VIX 22 min'..possibly 24/26
IWM 76...maybe 74
SP' 1315, possibly 1300
Dow 12500/300
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So...Tuesday will be Apple watching day. Of course, the IPAD'3 launches this Wednesday. Doubtless the media will be all over it.
More later...if I'm in the mood
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