We have the biggest drop in 2 months right after the breakout to the new highs for the year:




(in fact only after preparing this chart I noticed that all the corrections on the way up were so similar in size...)

In my opinion the odds are high that this was a fake breakout and at least the recent leg up should now be corrected. I'll stick to my bearish stance until the bearish ABCDs in the Kane Zone stop to be respected (and that might happen as soon as Monday night ):

recent action in AAPL has been classic predefined....just have to trust all the previouswork that gives the odds....

Important moment:

roofer's "Beauty & Simplicity"

Kane TD ABCD

Yahoooo!

Al Kamego

took a shot,as always, once potential kane abcd sets up against,stop moved to b e

as in now, if the pop was a hook, this will not hold, if not, i will be stopped out

.886 on gap on 5 /test and retest/ abcd.... risk 8 cents....

now or never to know if today is a hook

group after group has been moved to.886 on gap....could be a hook either way... i am short gs,abx with br even stops...

Great charts, guys.

Lightning trade this morning.

Al Kamego