649bruno
Short

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

NASDAQ:AAPL   APPLE INC
114 0 4
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.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out