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February 19th, 2013: AAPL and GLD Count Update

Posted by pugsma on February 19, 2013

AAPL: Nothing changed with primary count for AAPL today expect the wave (2) of minor 3 of major [1]-P5 retraced a little deeper to the 554 area.  As long as AAPL remains above 442 the primary count remains valid.  A break below 442 means that the first stop is likely 416 and then 396 to complete the alternate (blue) count for minor 5 of major [C]-P4.

AAPL 15-min chart (EOD):

PUG AAPL 15-min EOD 2-19-13

AAPL 60-min chart (EOD):

PUG AAPL 60-min EOD 2-19-13

AAPL Weekly (EOD):

PUG AAPL weekly EOD 2-19-13

GLD:  I have changed corrective waves since the high of 185.85 in Sept 2011 into a Primary Wave 4 triangle that has finished or nearly finished major [E]-P4 here at 154.56.  There is still some downside risk to the 151 area.  A break of 148.27 would invalidate the count and would likely mean that the long-term top of GLD is in place at 185.85 from Sept of 2011 leading to at least a 50% retrace to the 114 area.

GLD 60-min chart (EOD):

PUG GLD 60-min EOD 2-19-13

GLD Daily chart (EOD):

PUG GLD Daily EOD 2-19-13

GLD Weekly chart (EOD):

PUG GLD Weekly EOD 2-19-13

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