Since we’re using AAPL as a proxy for the stock market as a whole, you should check out the update to today’s AAPL tout. It spells out exactly what would need to happen before we’ll need to take the so-far 40-point short squeeze seriously. (And click here for a free trial subscription that will give you acccess to the Rick’s Picks chat room, where some of the savviest players in the day-trading world hang out.)