AAPL - the hysteria..has gone

Apple (AAPL) is actually trading without the hysteria that consumed the first few months of this year. I can't say I've even heard AAPL mentioned more than once or twice so far this week on the clown networks.


AAPL, daily

Summary

AAPL is holding up very well considering the main market, but there is a very clear bear flag on the daily charts. Primary target is $440 (with an intermediate target of the big $500) - that is assuming the sp' eventually moves to around 1150/00 in the coming 2-3 months.

A great company, but as is the case in any major market downturn, even the highly profitable good company stocks will still get drawn lower.