AAPL, daily
It is entirely acceptable from the bullish case for AAPL to hit the next soft support at 585/80...and then start a run upward for rest of the month, and into earnings.
Even a move down to the 50 day MA at 550/560 would not be too bad a situation for long term AAPL holders. Having risen almost in a straight line from 360 to 640 in just 6 months, some kind of significant retracement would be very normal. A 50% retrace to the huge psy' level of $500 would be a primary target for any good bear out there.
One final note, I do indeed expect that like GOOG, AAPL will do a stock split. I'd guess that won't happen this quarter, but very likely in Q3 or Q4. Of course, if the main market slips to sp'1150 - as many of the doomers believe, then such a split sure won't happen.
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*next earnings are due: Tue, AH, April 24'th
