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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Phillip C. Lee who wrote (17589)9/4/1998 1:55:00 AM
From: High Grader  Read Replies (1) | Respond to of 213172
 
Phillip don't get too excited with the 6th, it could be a top a bottom of a correction or not anything significant.

Apple is very volatile and, if the count is right, we could see wave three of wave 5 very quickly. A wave three often starts with a gap up, so anything is possible. All we can do is try to anticipate what may happen and have a plan to deal with it.

Often Fibonacci ratios of the time between tops and bottoms are points where something happens. If two or three ratios cluster there is more likely to be something happen at the time of the cluster. I didn't have a cluster on the 6th but it is something to keep in the back of the mind while watching the data unfold. Wave one was very short and wave five may be just as short, but the market will soon let us know.

dynamictraders.com

is a good site to learn about this type of stuff.

Good luck.