Apple Inc (AAPL-NYSE) . The upward 5 wave sequence which all of these stocks share, occurs on a daily time frame, AAPL on the other hand occurs on a 15 min time frame. From the price action occurring 1/15/09 we are able to project a minimum rally up to 86.74. This remains as a sufficient target unless price goes below 80.06.
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UPDATE
AAPL Sell stop low should have been adjusted to $76.11 Rather than $80.06. Not visible on the chart above is the pre-open trading in AAPL. Using the pre-open low would avoid being stopped out unnecessarily.
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