The price of Apple Computer, Inc (AAPL) has done exactly what I did not think it would. Price has exceeded the 2007 swing low and moved all the way back to the 1×1 ascending angle. Price will be in a very strong position if it breaks through the 1×1 angle and holds on a weekly basis.
The time cycle of the swing up starting in 2006 has completed during this correction. Note how price is above the first swing low which should provide support on any weakness. Price did not complete the cycle at the super bull position at the old high, but price is above the 50% level which is more bullish than bearish.
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