AAPL's open

Since yesterday's late day call that something may be ready to really bust lose in AAPL, all based on slight movements, but large changes in character for unrelated averages like the Dow and SPX (market maker/specialist stocking up right before the move) AAPL has now gained +3.5% in 1 hour after 5.5 hours of rangebound, choppy, stop hitting trade that made AAPL look like it was going no where.

On the open thus far, AAPL is showing confirmation.

I hope you take a moment to think about exactly what happened in AAPL yesterday as a $.12move below support stopped out a huge number of longs and a $.38 move below that support level stopped out even more, now they are probably not too happy seeing AAPL surge 3.5% in 60 minutes.

Think like smart money, ask yourself why thy would want to hit those stops, ask yourself what would be the effect of smart money placing a 1 million share buy order as AAPL was in its range vs how they might get the same shares much cheaper without driving price up against themselves as traders see a million shares bid. There's a lot to learn just from 1 day of trade in AAPL. especially as it relates to using Technical Analysis against technical traders. For an almost immeasurable fraction of a percent, traders lost their positions to only see AAPL to go on and surge late in the day. I never place stops with a broker, you might as well show your cards to your opponents in a poker game.