I don't know why it still couldn't find the directory. I browsed for the TiShadow path location and applied the changes. OS X 10.10.2 Titanium Studio 3.4.1.201410281727 
I don't know why it still couldn't find the directory. I browsed for the TiShadow path location and applied the changes.
OS X 10.10.2
Titanium Studio 3.4.1.201410281727