This is a decent move so far. We have seen a good 4 or 5 50-60 point moves up since breaking 500 before retracement sets back in. We started this move last Friday about 395, I'm looking for 445 before the selling resumes.
Possible, but not likely. Apple stock continues to be totally in the hands of the short-term hedgers etching out day-by-day profits. They move the price up a bit, then sell a ton of calls, then the sucker retailers come in and swoop them up, only to be burned on the back end. This cycle has been playing out for the last six months. Nothing is in the cards (yet) to change this pattern. The only thing that WILL is the infusion of new money from re-investing funds & institutions. This is definitely NOT in the cards until a solid new product and ecosystem cycle starts for real.