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Historical evaluation of Mercury's heliocentric movement provides phenomenal price forecasting implications for Apple. For this reason, Mercury is the planet used to forecast price. The dashed green horizontal lines on this chart are Fibonacci retracement levels of 38%, 50% and 61.8%. The pink vertical lines represent the dates when Venus is at a 45 degree angle to the earth.
The first dashed green line is a 38.2% retracement level and serves as the primary target for this decline. Notice that there is a confluence of data at this green line which I have circled and labeled "A". The date of 17/03/2010 (D/M/Y) is an important junction where Mercury, Venus, and a Fibonacci retracement have confluence.
I am only slightly guilty of data fitting when deciding to use Venus as the planet degree time factor. However, planets further away from the earth did not have any time factors within the next several months when the most recent high date is used as an Ephemeris date (05/01/2010).
Additional Notes- 05/01/2010 is the same ephemeris that is used for Mercury's projection.
-The 38.2% retracement also has confluence with a Gann angle of 360 degrees down from the 05/01/2010 high of $215.59. The price of the Gann angle is $160.86
If this forecast becomes reality then Apple stock will have to reach $163 on or near March 17th 2010 at which point prices will reach a short-medium term low and a rally will ensue.
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Update February 12, 2010,
I have to remove my short term bearish bias on AAPL. All other analysis I have done, concludes that prices should rise into the dates surrounding March 17, 2010. The longer timeframe decline in AAPL still remains a strong possibility, but everything points towards short term strength for the next month.
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