I don't think it will take too long before this impulse heading down gets trashed and becomes worthless. At the same time that it kills a potential 5 waves down it also makes a stronger case for Apple to once again soar like an Eagle. The case against this trend remaining true is that my two trend lines pointing south are far too wide and not steep enough. Apple would have to pass my wave 1 by a very wide margin, then this would send Apple well below a major $55 double bottom.
At the $75 price level Apple has a huge gap that would get closed once Apple gets there. Just because this gap is there does not mean it will get closed