AAPL, Apple

aapl july 2011 l aapl july 19 2011

has not bothered to look back during it’s trek north. After hours it is reporting earnings and having been wrong on this one big time before i am going to hazard another guess. This stock can easily hit $400 even this evening. The reason for my guessing (yes, guessing) that it will go up is that there is no clear way to count the move from the lows, now more than two years ago. There is no A-B-C which would not make much sense anyway given the size of this move. Nor is there a clear 5-wave sequence up. A rough count would yield 1-2-3-4-5-6 which means that 7-8-9 are missing. We will know soon enough.