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

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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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