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Technology Stocks : Apple Inc.
AAPL 275.53+0.4%10:21 AM EST
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To: Cogito who wrote (131066)4/16/2012 10:12:23 PM
From: Edward Boghosian  Read Replies (1) of 213176
 
I've observed that point & figure charts are not reliable as to determining lower or higher price targets. Before the fall, P & F was predicting Apple would go above 800. It may, some day. Now it is predicting about 500 or there abouts. Well, it may get there or even lower but the chances are high that it may not reach it and show a
turn around and predict some higher number which it may or may not achieve. Albeit, I've seen prices of stocks reach the predicted value and go far beyond it.

So, what P & F predicts may or may not happen, as far as I'm concerned. It may fall below 500 or may not reach it and turn around.
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