A long-term perspective; looking at Apple's charts

Back in December of 2011 I recall thinking that Apple seemed to be getting overextended. The 'Star' algorithm indicated that the trend that started in 2009 was going to pause. But then for most of 2012 I thought it had been wrong. On the monthly chart below I drew a horizontal line to show where I thought Apple was going to be range bound:

I still can't explain the behaviour of this stock, as it seems to have drawn a rough head and shoulders formation on the weekly chart from January 1st 2012, to January 25th, 2013. Although the right shoulder seems to be cut short. In any event the net effect is that the stock seems to be pulled back to the red horizontal line.

The fundamentals on the company (this is what's most important long-term) look good, but with so many trendy individuals, hedge funds, and sovereign investment funds interested in the company I'd rather stay out of that night club until it's less crowded.