Only Apple

Only it reached 522, not 535.

Maybe a long bottoming process for the SPX (>2 months), during which Apple can fall to its price target?

 

Yes, it's off by 2.05%, but this isn't an exact science. AAPL pulled back to a Support Zone, and the Green Line is clearly near the bottom of it.
Anyway, what is Apple's price target? I'm assuming you think it's lower than 522.

 

13/217 = 2%??

470. If it makes a higher bottom and top, my prediction is canceled.

 

Sorry, I was talking about the 2.05% difference between 522.18 and 535.35.
Anyway, I hope your system is wrong about 470. We'll see.
It was a rough month for the Bulls.
Hopefully we won't have the Black Monday some are predicting....

 

If people start predicting Black Monday, the bottom is near

 

Indeed. And when they started talking about AAPL going to 1000, it fell from 644 to 522!

 

LOL, yeah ... including me.

Today's action makes me think it has bottomed. Looking at the weekly chart also.

 

It may top though around 600, and another wave down may start.

 

Yes, AAPL went way down and then the Bulls came in to support it - a classic "hammer" candle + higher volume than we've seen lately.
Some good news from Europe this week would certainly help our cause as well.

 

Shouldnt the iphone 5 push the nasdaq back to 3000