of the three major U.S. indexes.
That said, this is an interesting graphic.
From StockCharts, November 5:
Apple, Inc. (AAPL) is nothing if not repetitive. AAPL experiences frenzied, parabolic advances that are followed by equally dramatic corrections. This has happened no less than three times in the last 11 years with an average correction of -48%. Now it appears to be happening again, as price has recently broken down through the most recent parabolic arc. To me the most obvious downside target is about 127, a decline of about -45%. As a technical target it looks reasonable, and it falls in line with the magnitude of previous corrections.
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Down $5.89 (-2.84%) to $201.59 today.
The damn thing almost achieved escape velocity. Maybe next time.
