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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Bird who wrote (475)	1/14/1999 4:47:00 PM
From: High Grader	Read Replies (1) \| Respond to of 692

If the count is correct then there should be a run up to finish off the five wave count. Again if the count is correct that would mean another wave four would then follow as the next degree of wave would have been completed and it would result in a second test of the support levels. Using the indicators, a bearish divergence should form in the EWMACD with lower values in the EWMACD and higher levels in the price. I am watching to see if this happens as a confirmation of my thinking here. The Fib targets of 24 % at 42.72 and then 38% at 40.33 are important areas to monitor. Most often the 38% level is the one hit. Hope that helps a bit. Good luck.