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March 1st, 2013: SP-500, AAPL and GLD Count Update

Posted by pugsma on February 28, 2013

Feb 28th, 2013, 4:45 pm EST:  The primary count that wave (3) of minor 5 of major [3]-P3-C3 ended at 1525 and a wave (4) triangle will likely develop above 1515 support and below the 1531 high.  Once the wave (4) triangle completes, wave (5) of minor 5 will move to the 1551 target to complete major [3]-P3-C3.   An alternate (blue) count that could allow the SP-500 to reach the higher 1590 target for major [3]-P3-C3, is that 1525 completed wave (1) of minor 5 and now a wave (2) will test the 1500-1505 area for a 50%/60% fib retracement.  After the 1500-1505 wave (2), wave (3) will target 1565-1570.

SP-500 15-min chart (EOD, 2-28-13):

PUG SP-500 15-min EOD 2-28-13

SP-500 60-min chart (EOD, 2-28-13):

PUG SP-500 60-min EOD 2-28-13

SP-500 4-hr chart (EOD, 2-28-13):

PUG SP-500 4-hr EOD 2-28-13

AAPL is testing the 436 dividing threshold between the primary and alternate count.

APPL 60-min chart (EOD, 2-28-13):

PUG AAPL 60-min EOD 2-28-13

AAPL 4-hr chart (EOD, 2-28-13):

PUG AAPL 4-hr EOD 2-28-13

GLD looks like it wants to double bottom near 151 or possibly make a new low.

GLD 60-min chart (EOD, 2-28-13):

PUG GLD 60-min EOD 2-28-13

GLD 4-hr chart (EOD, 2-28-13):

PUG GLD 4-hr EOD 2-28-13

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