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

To: High Grader who wrote (17813)	9/11/1998 12:30:00 AM
From: Sam Scrutchins	Read Replies (1) \| Respond to of 213177

The 62% Fibonacci targets for this down wave is = 35.40 and the next after that is = 34.76. Hi Grader, Thanks for the post. I've been meaning to reply to your posts, but cannot find the time. I'm thru Ch 4 of Trading Chaos, and I find it compelling. I've also been meaning to ask you about Minor and Minute waves. I suspect that your 35.40 was satisfied Thursday morning by Apple's fall to 35 3/4, the point at which I bought a bunch of Sep 35 calls for $200 apiece. I feel good about that trade. Apple is very strong here, and for it to go back to 35 or so in the short term, would be very surprising indeed. If this supposition is wrong, then I can only expect a major market tank tomorrow morning. Given what is happening in Asia, despite the Intel news, it is certainly a possibility. On the other hand, this world-wide selloff is so extreme, it could signal a bottom of the world markets, at least for the short term. We shall see by tomorrow morning. I hope the Asian markets recover somewhat. I really am trying to look at this situation from a 'path of least resistance' viewpoint. Sam