Apple Computer (AAPL): Analysis and Forecasting Message Board

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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting

AAPL 269.44

-0.9%

2:02 PM EST

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To: WebDrone who wrote (317)	7/25/1998 1:34:00 AM
From: High Grader	Read Replies (3) of 692

On the merits of (scientific) technical analysis. I am a show me type of person, and am doing the home page thing on Apple and other stocks for just that reason. I value the discussion. I am also willing to stick my neck out and see if what I am doing works while people watch, if they care to. I am not into numerology, or zodiacs or any of the pseudo science stuff that people may follow. In fact, I was a big skeptic of Elliott Wave theory, until I read Bill Williams' book "Trading Chaos." The fractal ideas he presents make a lot of sense. Best of all they work. Since then I have become very serious about the Elliott Wave stuff and done a lot of research into it. I have purchased ELWAVE software and studied it very intensively. The software is very well thought out and by combining Elliott Wave possibilities with what my other technical indicators tell me, the results are SOMETIMES very good. For examples, check out the ENR thread for July 21st and the April 17th posting I made on the original Apple thread. On April 17th, my software called for Apple to reach a high of 38.63 in mid July. 38.125 on July 16th was pretty close....so close it surprised me. I don't believe it is possible to predict the future, but sometimes it works out that the most probable scenario actually works out. By using technical indicators I am learning how to tell which Elliott Scenario is the valid one. I have run a network of over a hundred Apples and a few PC computers thrown in, hence my interest in Apple. They make a very good computer. As for making money ..... yes. But not from numerology. Read Williams, book especially chapters 7 thru 10 then get back to me. Good luck

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