I would point out the Oct 28 product announcement coming for the iPad mini. Also, the retina display manufacturing problems are a small dent in the optimism about margins and sales targets, but time will tell. Usually quality wins out over concerns about short term margins, especially in the long run. So, it would make sense to lift until about the 28th, then shake out the longs on a break of the trendline and set-up for a year-end rally of some magnitude as people buy Apple products for the Holidays.
Technical Tim (11:33AM Wed, Oct 17, 2012)