timwest

AAPL - APPLE INC - DAILY - SELL SIGNAL

NASDAQ:AAPL   APPLE INC
1837 9 9
Using the "Time At Mode" Methodology

117.50 target by mid-April.

125.31 last.

Entry levels are 125.4-126.8 with stops initially at 129-130+. Try to use wide stops to avoid getting stopped out.

Apple             is experiencing some anxious selling ahead of the release of the Apple             Watch, so this signal ends by the time the watch is released, so there will be no risk of that interfering with this trade.

For now, the start of the new quarter will likely provide the impetus for this to decline 5%-6% and we can see how it drops to analyze whether it has more to go at that time. For now it is showing signs of "fear of heights" as the 13-days of time that accumulated at the 128+ level is an indication that sellers have the upper hand here and buyers are laying in wait for signs of how things are going.

Cheers.

Tim 3/30/2015 9:48AM EST 125.38 last AAPL            
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JonR
2 years ago
Nice to see setups like this one. Closest to label would be best entry.
+1 Reply
timwest PRO JonR
2 years ago
Yes.
Reply
mazdaki PRO
2 years ago
i'm with you on this one.
Reply
Cabezadeltoro
2 years ago
Why were you selling near support? Also the point you were selling at is right above the rising 50 day EMA which is widely followed by institutions as a buying zone. AAPL is at 127+ and looks like she has further upside.
Reply
timwest PRO Cabezadeltoro
2 years ago
Because that's what you have to do when you trade, is to make decisions based on the indicators that you follow and believe in. The support you pointed out is holding, but at the time, it was being overpowered by sellers. The 50 day EMA is not magic. If you believe in the 50 day EMA, then just use that method. I operate on a shorter term time window that is based on how the stock is acting and how it is acting relative to the market. The trend that is in effect shifts from short term to long term and back again. The key is believing what you are doing and sticking to your disciplines.
Reply
timwest PRO
2 years ago
Lowest risk short sale is right at the 13-day mode... right at today's high! I hope some of you caught it! Reply ":agree:" if you did!
Reply
timwest PRO timwest
2 years ago
It was a nice 3 point rotation down from the high on the 7th to the low today on the 8th. AAPL doesn't move that much anymore. 3 points takes days now instead of minutes.
Reply
timwest PRO
2 years ago
Interesting comment I just received
"ictgill PRO9h - Are you serious or just trying to convince people to sell to you? $117? haha"
This is a sign that this trade is going to work, imo.
+1 Reply
shibbitz timwest
2 years ago
tim I'm not convinced that aapl gets down that low with earnings coming up at the end of the month, if not for that I would definitely agree
Reply
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