Update: Short Scalp: RIMM (129.86) Look to cover 1/2 of position

As RIMM falls lower, look to cover 1/2 of position at these levels due to decreasing momentum as noted in the 15 min chart. The MACD indicator made its first momentum low and has now rallied higher (red eclipse) while prices have reached newer lows. Now a temporary but phantom buy divergence has occurred. From here expect the MACD to drop with a higher low while the slower(red line) slowly works its way higher.

In layman terms, as prices reach extreme levels, momentum begins to decrease, as exhibited by the rising MACD indicator, predicting a reversal of some sort.