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Technology Stocks : Apple Inc.

AAPL 273.79

-0.3%

3:59 PM EST

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To: Geoff who wrote (2096)	4/8/1997 4:57:00 PM
From: Jaime H. Ayalde	of 213185

>Let's talk fundamentals.> Lets Talk Technicals, The 50 day cross occured at the impulse point on March 20. We are now approaching the 200 day. Geof, all a good sign. This POST is an UPDATE to : AAPL bottom Formation continued...... goodnet.com One new observation to note is that the 5wave expectation has now become a Reality, So this Statement of FACT can be placed in your TRADING ARSENAL. (Always Trade in the direction of the Trend as defined by your TA) 1. AAPL has completed its LOW for the foreseeable Future (at Least 9 months) RISK is Determined. Keep in mind that the 15.125 will NOT be taken out using the RULES as explained by the MASTERS ( Elliot ) Well followed experts calling for AAPL to make new LOWS,( Michael Murphy) or Technical Guru's calling for the demise or extreme contraction of the Macintosh/Unix/JAva alliance are plain wrong. Price Technicals are always in Sync with the Whole Fundamental knowledge of ALL Players. Technicals show that Apple has Just entered its First Wave Growth Phase. If this is True the Third wave Spiral is still at least 3 months away. And since we know that wave 1 is up ..... 1. The first Thrust completed 100% of the Height of the Triangle. Height is 1.875 2(100% 1.875 )= 3.75 3.75+Base(16.00)=19.75 Accumulation in a Flat Contracting Tri. shows a target which is Three Times the Height. (This rule comes from P&F) Gann looked for three corners in the Triangle. My general daily graph points to 16.00 - 19.75 - 21.625. 3*1.875=5.625 16+5.625=21.625 Target: techstocks.com Still has not changed.

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