When to buy Apple

Apple's earning report last week was just mind boggling and surprised everyone. It shot up 8% within days. It is simply too far too soon! Technically it was testing its all time high at $119. This is a strong resistance and usually it won't succeed at the first attempt. This reminds me of the last time when Apple broke out up through the $500 level (before splitting). The most likely path for Apple is to come back to test the last level it broke out, the support line for it now. This is the level around $113-114. I bet Apple will come down to that level in the next week or two but most likely it won't go down further. If it is true, that will be the price to buy if you are itching.