[AAPL] fundamentals improve because of big court ruling against Samsung.

In the backlink I provided a model that showed the AAPL bounce was done or very nearly so.  That model said that shares could begin moving down right now or they could enjoy one more small bounce to the $118-$119 range before turning down hard.


But recent news shows that AAPL's fundamentals might have changed to the upside significantly with its recent court decision over arch rival Samsung.  Being able to block Samsung like that has to be a big positive for AAPL's outlook and thus the shares should head toward a higher high, right?

Actually, wrong.  The herd decides how it is going to react to good news or bad news based on its current mood.  No amount of good news is going to save AAPL shares from a trip back down to the 61.9 fib because that is where the level of the prior 4th resides.

The fundamentals which drive share price moves are unknown and unknowable.  Thus, fundamental analysis is no kind of reliable market timing tool.  Thus, the "news" which would have us believe that it knows these fundamentals is also useless, especially at the major turns.

The only analysis that I know of which called the peak in AAPL early enough to act upon it was Elliott wave analysis, period.