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February 5th, 2013: AAPL Wave Count Update

Posted by pugsma on February 5, 2013

2:25 pm EST:  AAPL primary count has followed the yesterday’s predicted forecast for a wave (b) of minor 4 low at 442 and now a strong move up for wave (c) of minor 4 of major [C]-P4.  The first target is at 469, where (c)=(a) and the second target is at 481 for a 38% retrace.  Once minor 4 complete s at 469 to 481, there should be a  minor 5 of major [C] drop to the [C]=[A] target of 396.  A minor 4 move above the minor 1 low of 501, will invalidate the primary count and confirm the alternate count.

The AAPL alternate (blue) count is that yesterday’s 442 low was the end of minor 2 of major [1]-P5.  And now a minor 3 wave up is underway that should reach at least 486, where minor 3 = 1.62*minor 1.  Ultimately major [1]-P5 should break through the 4 month falling wedge and end at 520 to 530 signaling the end the down-trend.

The primary count is slightly favor over the alternate count until the falling wedge is broken and 501 is breached to the upside.

AAPL 15-min chart (2-5-13):

PUG AAPL 15-min chart EOD 2-5-13

AAP 60-min chart (2-5-13):

PUG AAPL 60-min chart EOD 2-5-13

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