649bruno

Introducing The TLW Test (Traffic Light Warning):Bearish On AAPL

Short
NASDAQ:AAPL   Apple Inc
5
I am 67 years old and have been charting since 1983. In my 40+ years of statistical analysis in manufacturing, we commonly use SPC (statistical process control) to identify when a shift has occurred in a process. A form of SPC is called "Stoplight Control". The control sheet has a green, yellow, and red area. There should be random variation for measurements (just as stock prices fluctuate), but, too many readings in the yellow or red zones indicate a shift, or change in trend. Apple is clearly demonstrating a shift in trend. I believe AAPL will continue lower. As an engineer, I would look for an "assignable cause". For AAPL, the negative news will eventually come out. As for right now, AAPL has failed the D2 TLW (Traffice Light Warning) test three times in a row. I noticed that AAPL headed lower each time the bearish bat patterns reached Fibbonacci .786 on the X to A impulse leg. The long term moving average is negative. Also, I recently published my negative views on the DJIA, S&P 500, and Russell 2000. So, this bearish pattern comes as no surprise. Yours for better trading, Don.

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