AAPL is Tempting, But a Test of the Feb. Lows is Likely

AAPL-- at this AM's pre-market low of 155.00, was down 34% off of its Oct. 3rd all-time high at 233.47, and has made a round trip to its Feb. 2018 low (150.24). It is very tempting to take an initial long position here around 155.70 against the Feb. low as a stop, however, my sense is that unless and until AAPL can do some damage to its well-defined post-Oct. downtrend by climbing above key resistance lodged between 161.00 and 162.65, it will remain vulnerable to violating the Feb. low, which some of the broad index ETFs already have "accomplished," such as DIA, SPY and IWM... Last is 155.67