The easiest, fastest way to accumulate a position in size without having to pay up for it is to hit stops. Most of you have access to some level of a window in to where stops are congregated, if not then it's always pretty easy to guess where they will be as technical traders place them at support levels to the penny, with a $660 dollar stock, placing a stop to the penny? That's what they've been taught, "support should hold" and that's what gets used against them. If you think like Wall Street, instead of bidding for 878,500 shares and driving up price, you just move price down a fraction of a percent and as they say in that mis-translated Japanese video game, "ALL OF YOUR SHARES ARE BELONG TO US".
It appears that is what happened.
AAPL 5 min.
There's no significant change in timeframes above 5 min.
The QQQ remains leading positive to 3 min and improved on the AAPL stop hunting expedition, Tech as a group is also leading positive out to 5 mins.
I don't have any reason to believe out original theory has any holes in it based on what has transpired in the last 30 minutes.
I do want to check the other averages, Financials, Energy , etc.
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