Friday, October 3, 2008
Apple Computer Forecast Oct. 3, 2008
Apple Computer is currently at $97 per share. There may well be a double top pattern completed here. This particular top pattern is a pretty good one with lower volume under the second top and strong volume on the break below the neckline located near $120. These types of patterns are often very reliable forecasting patterns. This one indicates a target price of $40. It could go lower. I know it's hard to believe being able to forecast a $50 price change. If your skeptical, try putting a note on your calendar to check on the price say 6 months or a year from now.