AAPL is in a bearish AB=CD corrective wave from the most recent down trend in my honest opinion. Which could also be seen as an alternate bearish 5-0. I have extreme doubts about AAPL testing old highs anytime soon. In fact it is more likely to make lower lows. The markets are topping and we will see a correction soon. It doesn't matter how large the correction will be, AAPL will more than likely follow the S&P down. The euphoric bullishness surrounding this name also makes for a bearish case. at the very least I believe we will retest the lows around $400. In the very near term we still have at least a $40 upside to test $580 completing the AB=CD. We could test $600 which would complete the bearish alternate bat. After that though I personally will be entering short on this name.