AAPL (NASD) seems appropriate to buy

Yesterday, amid the general collapse and that of the Dow Jones (with 1089 p.), Apple Inc. fell more than 6.7 percent, to $ 92.35, as the minutes lost about $ 75 billion of its market capitalization. The main reason for the sell-offs are common link negatives of the Chinese economy, as well as publications for serious collapse in China in sales of premium class products.

According to an analysis of Sanford C. Bernstein and Co., Inc., 25% of Apple's revenue comes from the Chinese market. Extrapolation of general news and failure to take account of the specific elasticity of demand, according to Sanford C. Bernstein is the basis of the collapse of AAPL.

Timothy Donald "Tim" Cook responded with an interview with CNBC and letter published by Jim Cramer. The information is that daily statistics from China confirm steady growth in demand over the past two weeks the rate is a record high. The increase includes both activations of the iPhone, and increasing activity the App Store. On this basis, the commercial prospects for Apple in China appear positive. Not accidentally moods easily changed after the collapse followed by recovery to $ 108 and closing at $ 103.12. The decline of AAPL is smaller than the drop of the indexes and formed Beta = 0.98. Today U.S. Stock Futures Rebound After China Cuts Rates for the fifth time in the last nine months.

"The U.S. stock market is in a mode of uncertainty, at best," DoubleLine Capital's co-founder Jeffrey Gundlach told Reuters. "You don't correct all of this in three days."

For AAPL indicators show oversold. RSI (14) = 23.87; CCI (14) is close to -292. The most widly used risk indicator Apple Standard Deviation today is  = 2.17.

The likelihood of near correction for AAPL is rising and consensus expectations seem certain about buy.