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AAPL likely to hit 200 again soon. Upside capped, however.

|Includes: Apple Inc. (AAPL)

Apple seems destined to re-visit the old highs, with significant resistance at 200.

I hear a lot of people screaming for a pullback, yet I see it more likely that it stalls and consolidates around that resistance for a while before a next leg higher.

That said, there is definitely a chance of a pullback to the 160 area, which if violated could quickly drop into the 140 range.  The odds at this point favor standing aside.  Still long but looking to trim in the near future.