It has been a while since I last looked at Apple (see my last update here: http://theelliottwavesufer.blogspot.dk/2013/02/blog-post.html). My count is still calling for lower levels in Apple. The first target is at 391.00, but from the latest development I now expect, that the decline to 391.00 only would the bottom of wave iii and therefore we should expect the ideal target for the ongoing correction to breach 391.00 for a continuation lower towards 363.60 and maybe even lower towards the 61.8% correctiv target near 316.00. However as we close in on strong support at 391.00 I will take a close look at the pattern.
We should also notice, that the decline from 703.86 is nicely contained within the descending channels borders, which is typical for correction.
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