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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (117781)	4/27/2005 11:17:45 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Yes, the 200-day has been strong resistance on APOL. Still the wedge reversal today is pretty compelling. Seen it work enough times lately. With the overlap of the 1 down on the SPX, the only real bearish count I see is the (iii) of 3 down coming. May happen but I see enough bullish charts that a wholesale collapse here seems unlikely. I think the SPX is somewhere in its intermediate A down off the March highs which means Jell-o down or its into a (v) up of an ED or a B up which means Jell-o up. I see nothing but slop ahead. But I think AAPL will be a short soon.