AAPL was the breakout of the day, and is by far the most over-hyped stock in the market, which is why it gapped so high, and also why it formed the dreaded black candle on the breakout. This is a very late stage breakout, with a low probability of success, and the price relative line is horribly weak. They have a history of sand bagging estimates, then posting unbelievably good numbers (by "unbelievably" I mean I don't believe them), and someday that is going to catch up with them. However, according to my pivot point projections, this still has a way to go before it hits the next taget, but I don't think I will be trying to catch it.
