AAPL Forecast

Forecast for Apple

This is not the time to get into this stock people. Ohsure, there was a couple of times to get into Apple. 1977. 1998. 2005. But now is not one of them. When Apple lost its founding father he replaced himself with the wrong guy. Cook is steering the ship reacting to the marketplace but he is not steering into innovative waters: he is simply trying to keep the ship together. There is a difference. For example, the Apple watch. I already have a cell phone, I don't need to play Dick Tracy. The watch also depends on the cellphone being nearby. You can do everything and more by just using the cellphone. Its redundant tech in the guise of innovative tech.

Apple in 2005 was doing some amazing things that nobody else was doing, they were at the front of the pack. The Ipod. The Iphone. Imagine coming out with a new improved piece of technology such as a phone with no actual buttons and that was the entire screen itself, utilizing touchscreen technology and this piece of tech becoming the STANDARD for all phones.

That's how you know that you blew it out with innovation. When everyone else stops what they are doing and stares at you then gets to work doing what you did.

Apple needs to do this again. The miracle of mind is that innovation is endless. Take for example a holographic phone. Imagine if you were on the train and you looked over and saw a 20 year old kid waving his hand interacting with a 3d holographic image in the air, spinning a graphic around motioning through it with his hands. You do a double take and see that his phone is laying on a flat surface with the hologram hovering over the phone. His hand interacts with the hologram, he can spin an image right, left, and look at both sides of it. He makes more motions, and there is a different image in the air, and he interacts with this, pressing holographic buttons, plays a video.

How bad would you need this phone? Wouldn't you ask him what brand the phone was? Wouldn't everyone who saw this on the train NEED this phone at the very least tell everyone they knew what they saw on the train today?

That's what Cook needs to start rolling on. Innovative tech and drive it to the marketplace to get Apple moving again. The mind is a limitless reservoir of ideas. Thinktank it.

Back to today and lets look at AAPL's chart. Where is this stock going in the next several days?

In the next several days this stock is going down. Quite possibly aided by the rest of the market. A couple of things. The Aroon is being stymied and this doesnt happen too much. I guess the stock is really in trouble, you can see the false positive cross on the top indicator. As the negative trend has been going for a while, the red and green line haven't crossed. Apple is currently in a strong down channel, and the other indicators do not say this will be broken soon. Today's candle says weak, it says its a top candle and there will be more carnage on the way. Right underneath the candlestick chart, the ADX black line is way too high, nearing 50. Reversals happen with this black line drops below 20. This signifies that AAPL is in the middle of a strong trend and that trend is (obviously) down. The Williams %R, the indicator on the bottom is in oversold territory.

Stay away from AAPL right now, this isn't even a buying opportunity to get more shares in unless you have a VERY long view and you have several piles of money set aside for trading systems such as AIM.

Apple however is tradable if you use puts. I will be giving recommendations from time to time when I see temporary pull-ups of when to get in and utilize these opportunities. 

Don't do technical analysis? How the hell do you invest? Hot tips from friends? Gut feeling? Follow the trend? As you don't leave the house without a navigation system or a map to see where you are going you really need to do technical analysis to see where you are going or you will just be feeling around a room blind looking for a lightswitch.

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