It takes a very brave man to call a top for this stock, but I think it might just have ended a major move which started in early 2009. Alternatively it might only correct the impulse from the April 2010 flash-crash. Another alternative is that it may have another iv-v to go in its Expanding Triangle, and the current move may just be iii of the Expanding Triangle.
Either way, any overlap with 420 would confirm that the latest advance is of a terminal nature, and that we are seeing "panic" buying.
I would need to see a sharp reversal to confirm this count, but I cannot see the current breakout turning into a 3rd wave given how overbought it is at the moment.
This is not a comment on the fundamentals for AAPl. It remains a phenomenally innovative and profitable company. Its growth rate, given its current size it simply unbelievable. However, keep in mind that excellent fundamentals could not stop it from correcting to 85 from 200 during the Financial Crises.
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