I believe, Apple is an example of a double top pattern. The first peak was formed in Dec 07 around $200/share. The second peak was formed in mid-May at around $190/share. I believe these two peaks are close enough in price to qualify as double peaks. I wouldn't mind a second opinion though. The lowest point in the valley between the peaks occurred at the end of Feb around $115/share. This is where the confirmation line could be drawn. AAPL broke through this confirmation line on September 29th and is around $88/share right now. The predicted target price can be calculated to be as low as $40/share (check the tutorial on how this is calculated). It should be noted that only a third of double tops ever reach there target price according to some traders. The fundamentals of AAPL seem really strong but from a technical perspective and way the market crisis is unraveling, APPL might hit this price. Seems crazy.
Look at the weekly chart!
If you look at the weekly chart for AAPL, there was support around $80/share in Sept 06 and in Dec 05. Based on AAPL's performance, their earning's report on Tuesday could send this stock much higher. It does not look like it's going lower. - We'll soon find out.
Pullbacks are very common in Double Tops
Pullbacks to the confirmation line ($115/share in this case)are very common in Double Top formations. In other words, the stock could reverse course to $115/share at some point before moving to it's ultimate predicted low.