Monday

Basically exactly what we expected today happened, and on no news. I have to assume it also happened for the exact reasons we expected it to happen (head fake reversal). Now, is it done today?

Take a look at this AAPL 2 min chart...

You saw how bad the 1 min was, it takes a little time for it to migrate to the next timeframe, the 2 min above. However, could it be we open strong Monday to finish this off or is there just not enough time for these charts to migrate that fast?

I don't know the answer to it, but I do feel strongly that I want to be largely wrapped up and in position today. The % gains today in stocks like AAPL are not so hot as to bring longs in excited about the gains unless they watched the closing hours.