timwest

REPUBLISHING Apple-AAPL -Daily -Time at Mode Says Sideways

Short
NASDAQ:AAPL   Apple Inc
10
REPUBLISHING - So far - Sort of "on target" - I suppose the issue from here is to decide what to do before earnings which are on the 20th with expectations of $1.30 (as of Saturday, 10/11/2014).
I'd suggest having no positions as of Friday - 10/17/2014.
Tim


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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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