Ok I admit I'm an APPLE fan and hopefully trading this stock will buy me the new iPhone 5!!! This stock might have finished its correction. It has made 3 clear waves from its highs and after beating earnings estimates it jumped 10% threatening the B wave high. If that point is broken upwards bulls will have increased chances that the uptrend is back on track. The only negative characteristic of this correction is TIME. The correction was too short in time relative to the lenghty rise. However we should take under serious consideration the possibility that this upward thrust was wave B and the 3 wave decline from the highs was only wave A. Time will tell. Bearish with 620 area highs stop.
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