PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

January 25th, 2013: AAPL Wave Count Update

Posted by pugsma on January 25, 2013

3:30 pm EST:   Here is an update to the big picture AAPL wave count.   After AAPL broke below 461 this week, the expanded flat with ending diagonal for major [C]-P4 became invalid.   The revised count now show 705 as the top of P3 and this move down from 705 is a P4 correction that must remain above the P1 high of 203 to stay valid.   The P4 50% retrace target is at 392 and the single Zig-Zag [C]=[A] measured move target is at 396.  There is also an alternate (blue) count that would have P4 as a double Zig-Zag where the we are in the second ZZ major [Y] with which could have ended today 437, where C=1.23*A at 439.

AAPL Daily Chart (2:52 pm):

PUG AAPL Daily EOD 1-25-13

AAPL Week Chart (2:53 pm):

PUG AAPL Weekly EOD 1-25-13

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