Timing of Apple's upgrade

Sometimes you have to wonder the timing of wall street's upgrade. Yesterday, Piper Jaffray raised price target on Apple to $211 citing strong iPhones & Macs. Yesterday, AAPL was up 5 to 144. Today, AAPL was down more than 7 to 136. You think Wall Street analysts are doing a great job?

1. Like Jesse Livermore knew this wall street operation 100 years ago, we have the same thing now. Pump and dump.
2. Today finally market was down. And I added QQQQ puts.
3. But just like last week's big drop on Tuesday, we had a strong bounce the following few days. For bears, we need a follow through, otherwise, bulls will run bears over again.
4. All the factors I mentioned in the last few blogs are still valid, we're on the edge to a test of lows (1400 or 1370 for S&P500).
5. Both Dow and S&P failed 50MA today. But if there is no follow through, the bulls can push the market higher yet again.
6. I'll watch S&P500 1460 and 1490 areas, if we break out the range, we'll likely have a decent move on the upside or downside.
7. I happen to think we'll test the low in the near future.