Apple Trading Near Lows (AAPL)

Given the extent of today's sell off, Apple Computer AAPL is doing fine. The stock is trading 1.69% lower at $308.18. AAPL is near its lows for the day, however, and how the stock handles these levels could be an indication for the overall direction of equities as the day goes on. If AAPL breaks through its low at $307.20 it may not be a very good sign for the overall market. After selling off for much of the morning, it appears that AAPL has stabilized above $308, but a renewed round of selling could drive the shares to new lows in short order.