October 20, 2009 (FinancialWire) (By Frank Kollar) — Shares of Apple Inc (NASDAQ: AAPL) rallied in after-market trading on Monday, October 19.

A month ago we wrote: “Apple is approaching their all-time highs which are likely to be do-or-die levels for this widely followed tech stock.”

Apple’s fourth quarter earnings increase of +46%, topping all forecasts, were the fuel to push shares higher as traders jumped onboard this quickly rising stock on Monday.

Apple has been in a strong uptrend since its bear market lows back in March 2009.

Apple now faces several huge resistance levels just ahead. The first is at $192.32 where shares peaked last week as well as in 2008. The second is at $202.96 where shares peaked in 2007. The 2007 highs were all-time highs.

Should shares top the 202.96 level, Apple could run all the way to $236 a share in coming months before hitting resistance.

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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