Red Pill or Blue Pill Zach, Your Choice

Morpheus: "This is your last chance Zach. After this, there's no turning back. Take the blue pill, the story ends, and you buy a no load S&P 500 index and you dollar cost average yourself into blissful ignorance. Take the red pill, and you will embrace painful truths, and I'll show you how high AAPL can go."

The choice is not between taking an actual red pill or blue pill. Is truth and reality worth pursuing, or are we fine to accept secured comfort? Pink Floyd said it well in their song, Wish You Were Here, "...did you exchange a walk on part in the war for a lead role in a cage?" I could abandon the pursuit of AAPL and the Markets right now, pocket a tidy 20 percent gain made the past few weeks, and avoid all that hard stuff. Or, I could take the challenging path, analyze and accept the risks, reach for the glory.

I'm not going to sugar coat today's market action, it simply wasn't that good. Sure there are bright spots, like the volume, it was really low. The Bears had the opportunity to take the markets and AAPL down, but they didn't. On the other hand, the Bulls didn't step up and seize the opportunity. That was a real disappointment.

Market indexes butted into their 50 day EMAs and bounced off it, similar action with AAPL. But still no conviction in that bounce. There were things weighing heavy suppressing any advance, like oil hitting an all time high intra-session ($112.21), and Goldman Sach reporting a double dose of bad news. The Inverse Head and Shoulder pattern on the Dow, S&P and Naz are all still intact, remaining Bullish. On the S&P, we've got to break through the 1388 mark, the neckline, the obstacle to nirvana.

So the question is, do I take the safe route and pocket the profits in hand, clean, no mess? Or do I look back at what has been accomplished, and follow my convictions on where I believe the market wants to go? I've put up the good fight to this point, I've done the analysis, and reasoned the outcomes to the upside and down. It's time to enter the trail that I have cleared, and take that walk.

And Morpheus said: "Zach, sooner or later you're going to realize just as I did that there's a difference between knowing the path and walking the path."