No skin in, but AAPL is great entertainment

Fwiw ... no better than tea leaves or horriblescopes.

AAPL

Late Apr to late Sept (2010) [5 months] > ranged from 232 to 278

278 is 20% above 232

Breakout in late Sept, new high of 334 Jan. 5 [4 months]

20% above 278 is 336

NOTE

The April-Sept channel was followed by a breakout to 293 before a pullback to 278 — the new (very temporary) floor. 293 was an additional 5.4% from the previous ceiling.

An additional 5.4% from the current high of 334 would be 352. If the pattern holds, it will pull back from 352 to 334-336 or 327 (the recent ceiling).

With AAPL earnings out Jan. 18, the possibility of a continued surge to 352 is somewhat reasonable. The question is, does the selloff/profit-taking begin before the 18th? Normally, the selloff happens as the report is announced or very shortly thereafter, as we saw last year. That run from the 240s to the 260s afterhours last spring (or was it summer?) is still incredible to recall.

Then shares plummeted back to the 240s for some time.