Originally Posted by o7media
AAPL just broke a little support (last Wednesday's low).
Lots of momentum shorts were watching that 562 low, longs were trading against that level, and it looks like all those shorts might get roasted here.
Market is paying attention to Europe, but it seems like either it doesn't want to, or these intraday bull moves are signs that we are entering a bear market, given their seeming lack of sound logic, the size of the moves, and the compactness of their time frames. I'm guessing it means we will continue to watch Europe, but not care enough to sink this ship... yet.