David Fuller's view It has been a while since Apple (weekly & daily) fell for 4 consecutive days. It is losing momentum and as you have seen on so many occasions, persistent accelerations above the 200-day MA always end badly. Quantum leap price forecasts for markets that have already dazzled with their gains are usually contrary indicators. Gene Munster, a research analyst at Piper Jaffray in Minneapolis who built his career on being bullish of Apple, recently forecast a price of $1000 by 2014. He may be right but not without first seeing a mean reversion correction to the MA.