September 22, 2009 (FinancialWire) (By Frank Kollar) — Shares of Apple Inc (NASDAQ: AAPL) are approaching their all-time highs which are likely to be do-or-die levels for this widely followed tech stock.

Apple’s 2008 rally high was $192. Apple closed on Monday, September 21 at $184.02, only 4% from this critical resistance level.

To add to the concerns, Apple’s 2007 high, and all time high, is at $200 a share, only 4.2% higher.

Apple is in a strong uptrend and no one can tell just how far such a trend will go. Usually it is much further than anyone guesses. But these highs are critical and must be surpassed for this strong uptrend to continue.

A reversal at or near $192 can be traded with a short sale and buy-stop just above this $192. But be careful with shares of Apple. There are a lot of traders who love this stock. A close above either of these highs could result in some fast gains in very short order.

The http://www.fibtimer.com Stock Strategy has a position in Apple.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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