Something's going on with Apple. On recent days when the market has been down or flat, Apple has undergone accumulation. It is about to complete a well formed multi-month base similar to the one formed in 2009. Apple's weekly chart is exhibiting bullish positive price/momentum divergence in addition to early outperformance when compared to the S&P 500. The P&F chart is also showing a positive trend change. It will likely find resistance at its 200-day moving average (~$462). If it can break out from here, that would be extremely bullish.
I can't speak for new products in Apple's pipeline or how it may "change the world" again. However, I can say that there have been recent notable bullish developments in its chart.
(Weekly price chart and P&F chart courtesy of stockcharts.com. Visit stockcharts.com for more great charts.)
