AAPL base formation

1029 9 9
Base Formation in Apple             shares: I can see a standardized "inverse head and shoulders" forming and the next rally could really attract some attention.

I drew in these regression trends a little different from normal as I wanted to show how AAPL             was showing some strength by connecting the highest high down to another swing high prior to the lowest low.

I do like how AAPL             handled today's scolding by the press about how they handle legal tax reduction strategies. Perhaps the US Government will start to make our tax laws similar to those of our competitors. Most likely we will have to wait until the next Republican President who understands that we need to stimulate investment, not just "spending".

Here's to getting a slice of the AAPL             on the cheap. A nice return from here into year-end looks likely. I would also think that pre-selling AAPL             at 500 in December or January by way of selling call options to take in 16+/share in premiums is a logical play. That's another nearly 4% yield on AAPL             , but only for patient, long term investors.


Tim 2:20PM EST Tuesday, May 21, 2013
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Looking for a pattern here .. Head and Shoulder with measure
timwest PRO
3 years ago
Today's relative strength and nicely oversold is a favorable risk-reward entry for anyone "on the sidelines" looking for an entry. 10:13AM Thursday June 20 For a hedge position: I would suggest being SHORT an equal amount of the overall stock market index. This way we neutralize against any sharp declines in the market, but we also give away the profits that happen from a rising stock market.
3 years ago
Seems like a complex head and shoulders is forming. Support looks very strong
timwest PRO
3 years ago
I think this is as good a time as any to exit on this rally in AAPL. Aug 21, 2013 1:48PM EST 503 LAST, AAPL
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