Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Henry J Costanzo who wrote (136006)	8/25/2006 3:00:58 AM
From: onlytron	Respond to of 209892

In regard to Apple. I have found that if a stock has enough volume and is watched as much as the stock indices, it could in itself act like an index. That's why I only follow a few of them. I originally counted the $86 top as a completed 5 wave bull market, and was not surprised when it tanked. Similar to my count in AMD, which dropped even further. However, since I'm expecting the SPX to retest its all time highs next year; a 20% move. Which should carry the NDX up 40%. It makes it difficult to believe that Apple will not participate. Thus, I changed the count to a more bullish 1-2 of FIVE. The completed five waves are still there, and am now expecting 3-4-5 to follow. Apples for $130 each? Wave 1 = $80 Wave 2 = $36 Wave 3 = $80 ???