NASDAQ:AAPL APPLE INC
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 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 patterns reached Fibbonacci .786 on the X to A impulse leg. The long term is negative. Also, I recently published my negative views on the DJIA , S&P 500 , and Russell 2000. So, this comes as no surprise. Yours for better trading, Don.