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March 7th, 2013: EOD Update

Posted by pugsma on March 7, 2013

6:30 pm EST: Today’s small price movement made no change in the SP-500 wave count from yesterday. Looks like the small wave (4) ascending triangle complete and a move up for wave (5) has begun. The first target is at 1550-1551, where M5=0.62*M1 and [3]=[1]. There is also higher price targets the IHS target of 1565 and the M5=M1 at 1590.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 3-7-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 3-7-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 3-7-13

AAPL is getting interesting here. A break above 436 could signal the bottom of P4 is in place at 419 per the alternate (blue) count. A break below 419 and the price should drop quickly to the primary count target of 396, where [C]=[A].

AAPL 15-min chart (EOD):

PUG AAPL 15-min EOD 3-7-13

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