AAPL update

In my last previous post on Apple I expected the shares to have begun declining already but AAPL is not going to go down by itself.  AAPL will go down with everything else.  Still, I stick by my basic count that said AAPL was tracing out an a-b-c recover from its first wave down.  In fact, AAPL is already in a bear market even though recent stock price increases have got people fooled into thinking otherwise.

At this point, AAPL must reverse downwards in a matter of a few days.  Why?  Because a 5-3-5 count has been posted and so I think wave 2 is done.  Note how 5 of C is about the same length as 1 of C.  Note how 5 of C had a 4th wave triangle and then one more small peak into 5 of 5 of C.

The count above could be off by 1 small wave. In other words, it could take the blue path instead of the red.  Again, AAPL will not be doing anything in a vacuum.  If AAPL dips down and finds support at $88 then the whole market will be doing something similar.  The market participants have been doing well using the buy the dip strategy and so something like the blue path could inflict max damage (which is the goal of the market at the turns) on the gamblers.  But regardless of what might transpire after that, it seems we should be in for a good sized pullback very soon.