Despite $AAPL losing its main channel, as I mentioned this morning (here), there is another line I posted with in that article that we can draw, which I’ve replicated below. Given the touch there, and the count (here) it is possible that we are now putting in a panic low. Until Apple loses this secondary line (that I think not one person has drawn—aside from me) with gusto, I won’t yet allow myself to become too bearish.
It’s just at the moment that everyone gives up hope for a bottom that it comes to surprise us, and the risk/reward of a big bounce here (if not a permanent low) still seems too good to pass up (as opposed to chasing lower prices from here).
