That last post-ooohhh!!!

I'm not a told you so kind of guy, but the market has behaviors that you'll notice if you watch it often enough. In this case, this is nearly a century of price pattern conditioning of Technical Traders, Wall Street figured out what Technical traders will do when confronted with these price patterns a long time ago, around the time the Internet, cheap online brokers and everyone switching to Technical Analysis so they could trade their own portfolios. After that, slowly and surely these patterns were used more and more often against technical traders, they are too predictable and haven't changed or adapted, which makes Wall Street's response predictable, which is an edge.

In the last post I showed you the same pattern, the confirmation of it and as soon as it's posted, take a look....

Note the volume pick up in AAPL as the bearish price pattern, a descending triangle is broken to the downside by a few cents, VOLUME SURGES as the shorts step in on "Confirmation".

Now the second half of the story, "The bear trap". On a reversal, just as AAPL saw on the open above resistance where retail would have bought on a breakout move, once prices move against the shorts that just entered, their covering creates the demand that kick starts the move higher, the higher it goes, the more shorts covering at a loss and the more demand sending it even higher. THIS IS EXACTLY WHY FAILED MOVES ARE SUCH FAST REVERSALS.