As always, one need only have focused solely on AAPL, the world’s most important stock, to see that bears were not going to romp on Thursday. The stock tried three times in the early going to smash a Hidden Pivot support at 302.03 but finally gave up. Too weary to resist the dip-buying multitudes, bears allowed the stock to escape and romp into the close. Bulls are still not out of the woods, though, since they would need to exceed Wednesday’s 315.94 peak to generate some heat. With the running start they got just ahead of the close, however, they’ll have the benefit of the doubt as the week ends. The nearest Hidden Pivot above lies at 310.36, but it is not of the finest pedigree, so I am recommending shorting there only to Pivoteers who know their way around ‘camouflage’ entries.
AAPL – Apple Computer (Last:309.51)
