AAPL Update

So I think everyone understands our view with AAPL, but I'll include some of the broad strokes.

My regret with AAPL was closing the short position in anticipation of a bounce which AAPL did do to put together a right shoulder, the H&S concept is still very reliable, but the advantage of phasing in to a core position in having some exposure even if it isn't the prime entry.

GOOG is a big company, you wouldn't expect something like this to happen, but it does and luckily a lot of us already had a decent position established short GOOG. PCLN was another, I could have let it go as price wasn't doing much, but the 3C charts told a different story, then PCLN fell 17% in 1 day and PCLN is still our top performing short (no leverage) position from back in April at a 25% gain.

As for AAPL, I think I'll still be patient and stick with the plans and concepts that have worked so well for us, but it does seem things in the market are changing and we are getting closer to that point in which even smart money's manipulations can get blown out of the water, had GOOG been up big today instead, the short term pullback would be toast now.

 For a short entry we have been looking for the volatility shakeout of new shorts that entered on the initial break of the neckline, that happens more often than not with H&S tops and that gives us an excellent entry. The pullback in the market fits with AAPL's trade.

 Here's AAPL intraday on the GOOG earnings.

 The long term perspective and highest probabilities are with this 4 hour leading negative divergence.

 On the dip in prices since AAPL hit resistance at the neckline, we have seen some short term intraday accumulation / positive divergences and that is what we want to see to hopefully get positioned on the upside shakeout.

 The 3 min chart is seeing that migration of the divergence as well

 The 5 min chart is not seeing it as of yet, I hope it does, but so far just the negative divergence sending AAPL down from resistance.

 The reason I have thought AAPL can do it, make the volatility shakeout is the 30 min chart.

While not REALLY impressive, there seems to be enough left in the tank to make that move in AAPL that will allow us a prime entry.

We'll have to see how GOOG effects the broader market.