AAPL – Apple Computer (Last:289.90)

With so-so earnings out after Thursday’s close, DaBoyz conspicuously failed to goose the stock to the 305.08 rally target sent out to you last night. AAPL fell more than $4 shy of that mark and looked unlikely to try again — unless the stock’s resourceful handlers can scare up a gaggle of short-covering maniacs overnight. Meanwhile, the E-Mini S&Ps similarly failed by a few points to reach a clear Hidden Pivot target. Taken together, these small disappointments suggest that the spectacular short-covering panic of the last five weeks may be sputtering out. Friday will probably provide opportunities to make money trading in either direction, but beware of taking long positions over the weekend if the broad averages close higher without having exceeded Thursday’s peaks.