BATS:AAPL APPLE INC
I'm no expert in the , but it seems apparent to me that the initial APPL thrust upwards ( the 1/8th line) from the weekly is weakening... getting first resistance at the 1/8 line, then support at the 1/3 line.. however that now has recently failed as support at the end of 2013. (Box on Chart) So, the question is will the historical line on AAPL line act as support, at approx. $523.75 or will price need to drop to the next weaker uptrend, the "1/2" that should act as the new support. The next few weeks will determine that. I would put the most faith in bounce happening at the 1/2 , not the dotted Red support line.