AAPL – Apple Computer (Last:523.48)

A 484.15 correction target broached here a while back has little relevance at the moment, since the short squeeze begun from Tuesday’s bottom still looks eager to wreak further harm on stubborn bears. The pattern shown allows for a modest thrust to 531.98, , but night owls can shoot for more if it subdivides with a b-c pullback similar to the one I’ve sketched.  Initiating a bull trade using the smaller pattern, placing a stop-loss below ‘C’, would effectively cut entry risk down to size.  _____ UPDATE (April 11, 1:00 a.m. ET): Apple opened on a bull-trap high yesterday that was just 26 cents above the 531.98 target I’d furnished. If you got short, please let me know in the chat room so that I can provide tracking guidance.