According to the indicators its a dead cat bounce.
How is it a bubble when the stock price never reflected the 50-75% quarterly increases in earnings? I would agree if it did but it didn't. If Apple only increases earnings by 10-15% it would still be undervalued today.
I cant defend myself against this. I am not an "investor". I use technical chart analysis to support and comfort my descions for making short term "attacks" on a postion. As I see it, from a technical stand point, it appears to be in a classic tech book bubble. If the market were to crash, AAPL is were I am going all in to short, and so are millions of others. I understand that AAPL is making money hand over fist, but I want to know if fear is beginning to constrict out greed.