I agree with you that it seems like...apple downhill slop seems to be holding for now...
based on my simply price-volume bars, it seems like people started to liking this one. It has been kicked around 9-21. Now people started to showing some sympathy for this old techi king.
Looking at the 1 year graph, 520 seems to be emotional level where it hit 3 times and every time got love from big funds. And this time it seems to be getting some support as well.... i see heavy volume at this level which shows me that somebody is collecting or getting through short covers.
also this is a risky level, below this level next decent support is at 428......(oppss)
looking at the graph.... i feel that we have higher probability to settle down here with comparatively smaller risk... I feel comfortable around 533-519 with stop at 501.... stock may spent some time around this level but again....
Trading is all about probability game and when you think its on your side.... one should take some risk.... thats my simple philosophy.....
At the end .... no body knows where it will head.... we can just try....