It's beginning to look like the big 'flash mini-crash' that happened a few sessions back is for real and there is profit-taking happening in Apple. This is of course a good thing - Apple went too high, too fast without any pause. It's simply healthier for the stock long-term to pull back to a more reasonable level -
So, the big question is - How far might the stock fall?
Next is - when is it time to buy Apple again?
First - Watch the 50 DMA at 108. If that fails, watch 102. I'd buy the stock below that number (102) - However, I'm not a buyer at current levels. It's still at the top end of the range for the last year. Wait and be rewarded by patience as with Google.
So, the big question is - How far might the stock fall?
Next is - when is it time to buy Apple again?
First - Watch the 50 DMA at 108. If that fails, watch 102. I'd buy the stock below that number (102) - However, I'm not a buyer at current levels. It's still at the top end of the range for the last year. Wait and be rewarded by patience as with Google.