Am not seeing why Icahn is buy $500 million shares of Apple . I guess this guy is part of market marker come out with force news to change investor mind. Analyzing the Apple share i find out that the price action as established the downward trend based on the Fibonacci calculation. 1. from the general long term trend from 2008 low of (78.82) to 2012 high of (704.35). The price action retrace 50% at (391.64). and the next targeted level may be 0.78% at (212.70). Also the price action retrace back the 61.8% to (582.30) of a from high of oct 2012 (704.35) to (391.64) low of may 2013. However we have a that as been broken due to earning disappointment. harmonically Emerging formation may lead it to our targeted price (212.70) at 1.902 of previous moved. Also is over bought and we have it break down. and the SMII currently cross down while AO is at the red zone. putting all together we stay .