No doubt, Apple (O:AAPL) remains inside of a 30-year rising channel, reflected in the chart below.
Also, a key “KISS” seems to be taking place.
Apple has rallied lately, after a sharp decline that started back in May.
Now Apple is kissing the underside of an old support line it broke in the decline this summer.
At this time, Apple is kissing the underside of resistance at (1) above -- a key level if Apple can manage to breakout above this resistance.
What Apple does at (1) could tell us a good deal about where it will be at the start of the year and whether or not the NASDAQ Composite can climb above levels last seen in 2000, which it's hitting right now.
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