Soaring Price ... But Is #APPL Souring? | #NASDAQ #AAPL

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Last January 29th, I defined potential long-term bearish targets at 474.07 and 403.15, given a cautionary overhead resistance characterized in the chart by the pink-colored range. In the interim, price has mounted a bullish force as it continues to strive to that range.

As of today, a short-term bullish market reversal confirmation occurred, also signaling confirmation in support of a price action challenging the 565.79/565.84 range (originally, the band ranging values may have differed by a few pips, but not significantly).

The upper range value falls in line with a value generated by my predictive analysis and forecasting system, thus adding credence to this developing relief rallying scenario underway.


At this point, expect price to rally to a high-probability target, namely:

"TG-1 = 566.16 - 27 MAR 2014".

However, the overarching directional tone continues to overcast a bearish light in the longer-term prospect, unless price broke and closed above the 575.14 structure, in which case, bears should become concerned.

Given this interim technical turn of event, I am switching the directional "light" to "LONG" for the interest of the swing trader. A position trader might consider pouring tea from the hills of the battlefields and let the smaller pawn of the game table consume this smaller scenario frame.


David Alcindor
Predictive Analysis and Forecasting

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David Alcindor
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