timwest
Short

Apple Inc -AAPL -Daily - Time At Mode Analyis says "sideways"

NASDAQ:AAPL   Apple Inc.
603 5 14
Apple             has been trending very well the entire way up in this rally. Lately, however, the market is waiting for sales from the new iPhone6, which goes on sale today 9/19/2014.

Because the market is holding here, waiting for news, the chart is also telling us that buyers are laying in wait down at the 14-day time zone at 95+ which I have labeled "BUYERS".

On the sell side, sellers are laying in wait at the 103-104 where I have labeled "SELLERS". AAPL             should have returned back to the high.

I think the way this chart resolves itself is to move back and forth between the two levels a couple of times.

Tim 9/19/2014 10:07AM EST 101.69.

SS             101.69 - target 96.
BUY @ 96 - target 102.
SS             @ 102 - target 96.

If all three are winners without more than $2 in pain from any trade entry, then what will be my prize??
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CLOSE to the first target on the short sale.... to cover at 96
+2 Reply
This was superb. Thanks for the sharing of the idea and suggestion of the trade set up. Kindly, Hamed
+1 Reply
nice prediction and trade. I think the market will bounce in the morning to help with the second phase.
+1 Reply
very nice observation. Do you expect to jump over $104 if the numbers are good on Monday?
Reply
I'll watch the news and how the stock reacts to it - If it does get over $104, I'll count the days at the most frequent price and then start a new bull upside target based on the trading range it has been in. So, if it goes over $104 I'll back away from this trade.
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