Aapl Close to Cycle Low (Apple)

Apple getting very close to a cycle low. $404.66 is the begging of the Key Reference Area.  There's also a couple 161.8 extensions that are lining up inside the support zone. 50% correction from last year's $705.07 high is at $352.53. This week apple finally retraced its entire move / erased all of its gains from 2012. As apple is making new lows on this current downswing the volume is starting to subside, so the selling pressure is getting exhausted at these current prices. I believe ounce apple enters the support zone it will be a excellent opportunity to get long, IMO big money investors will start building a position here. Ounce the trend-line is broken it will be off to the races and the short squeeze and fresh longs will press it higher very quickly. $522.18 swing low to $705.07 swing high projected from permanent low will be were shorts try to attack again.