November 9th, 2012: AAPL Wave Count
Posted by pugsma on November 9, 2012
4:30 pm EST: Below is my best AAPL wave count starting from the weekly chart down to the 60-min chart. Primary Wave 4 (P4) appears to be playing out as an expanded flat that is putting the finishing touches on the major [C]-P4 wave with targets at 514 (23% retrace of P3) down to 507, where [C]=1.62*[A]. The move down from 653 to 533 looks to have concluded minor 3 of major [C] and I’m looking for a bounce up to 560 (23% retrace) to 579 (38% retrace) for minor 4 of major [C]. Today’s move up to 554 looks like wave (a) of minor 4. We should bee a (b) down and (c) back up to complete minor 4. Note that the minor 1 wave low is at 624, so any move above 624 will confirm that the major [C]-P4 low is place.
AAPL 60-min chart (EOD):
AAPL 4-hr chart (EOD):
AAPL Daily chart (EOD):
AAPL Weekly chart (EOD):
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