Apple Inc (AAPL)

[LisaAu]

I do not have an expected depth or duration for the dip apart from looking to support levels, say, 326 or so, to start. I prefer to describe, not predict.

That said, I think it's safer to be long than short, especially in view of the VZ iPhone orders starting next week, and a new iPad on the horizon.

For tracking turns on a daily chart, I like the 5,2 slow stochastic:

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=3&dy=0&id=p69001636256

Although the McLaren Dip suggests a reversal, my impression is the daily AAPL trend is still up, and longs are safe for now.