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Technology Stocks : Apple Inc.
AAPL 273.80+0.2%Dec 29 3:59 PM EST
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To: Moominoid who wrote (24448)4/29/1999 10:53:00 AM
From: High Grader  Read Replies (2) of 213177
 
Looks like Apple is slowing down after touching the first 24% Fibonacci level and making a little abc pattern on the hourly chart.

As for for 41, the odds favor a 38% Fibonacci target and 41 is a good area, nicely within the odds.

The very safest place to enter is just above the high of 45.8125. Price action above that level verifies that the next wave up is in fact a reality. The market takes you in and there is no stress about catching the bottom. It is nice to get in lower though and the Bollinger bands should help there.
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