Apple Inc (AAPL)

[researcher59]

My only point is that such patterns do have statistical significance...so why bet against them?

The question is "how much statistical significance ?"

And what other factors will be significant in the future stock price action ??? Factors such as fundamentals, the broader market, share buybacks and opposing views on the technical analysis (happens all the time).

$340 is certainly possible, after all it's only down another $85 from here and the stock has already fallen $280 from the September high ! Yikes. My own guess is a $390 bottom in the coming weeks or months.