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Technology Stocks : Apple Inc.

AAPL 273.67

+0.5%

Dec 19 9:30 AM EST

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To: Gary Ku who wrote (11703)	4/17/1998 2:22:00 PM
From: High Grader	Read Replies (2) of 213177

....and now for something completely different: Apple bottomed at $12.625. We could call that wave 0. At any rate it was the bottom. From there it went up to wave 1 at $29.75 when Bill Gates told his flunkies to go buy him $Millions worth...... It then retreated to wave 2 at the second (slightly higher) low of $12.75. Since then it has moved up in a wave three pattern which should consist of 5 smaller waves. Let's have a look: small wave 1 of wave 3 topped at $19.9375. small wave 2 of wave 3 bottomed at $17.3750 small wave 3 of 3 topped at $28.00 small wave 4 of 3 bottomed at $25.6875, not even making it a 24% pullback which would have been at $25.02. wave 5 of 3 is now under way. Beacuse the wave 4 correction was so small, it means that Apple is in for a strong move up. wave 5 of 3 should hit $38.68 or even $51.03 according to Fibonacci ratios that are projected from the above wave counts. Time...around mid July or so.... of course if you have no faith in the Elliot Wave Theory .... find a pinch of salt. For those who are fundamentalists... well Gates bought it didn't he? Though there was a rumour that Bill said Snapple..... but who could drink that much Snapple.

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