- Commentary -

December 8, 2009 (FinancialWire) (By Frank Kollar) — Shares of Apple Inc (NASDAQ: AAPL) have declined from all-time highs reached in mid-November.

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.”

This past weekend Apple acquired online music-streaming company Lala.com for an undisclosed amount. Apparently this deal is not to the liking of shareholders. Interestingly, shares began to decline several days prior to the weekend announcement. Hmmmm.

With new highs posted only two weeks ago, will this news event end Apple’s 2009 rally? If share prices close below the November 2 correction lows at $185.57, we would say lower lows are the most likely course.

If Apple holds and rallies from current levels, or we have a bullish reversal day, then a test of the highs could again be ahead. But barring that, we would be watching for a break of support at $185.57 to signal further declines.

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

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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