3pm update - post AAPL depression

After an initial ramp to $114.00, AAPL has seen a somewhat unsurprising reversal to the downside.. and now looks vulnerable to the 109s.. whether at the close or early Thursday. Despite the equity decline from sp'1988 to the low 1950s, it does nothing to negate the broader upward battle from 1867.


AAPL, 60min

sp'60min

Summary

So... a rather classic reversal in AAPL... and it was one reason I wanted out of AAPL yesterday morning. Many are well aware of how AAPL can trade lower after such an event.

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I hold long DIS and USO overnight. Naturally, I am early on both entries, but I'm content with the entry levels, and I should be able to claw out of those across the next few days.

Yours.. in the trenches... flak jacket on.
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Oh noes...........  CRAZY IVAN !!!

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:)


3.29pm... sp -15pts.. 1953.....   moderate weakness, and unless you think the market is going to break before the FOMC.. this is merely a place for bears to exit  and/or bulls to re-long.

back at the close.