March 25th, 2013: EOD Update
Posted by pugsma on March 25, 2013
4:45 pm EST: Primary count is that wave minor C of major [4]-P3-C3 is underway headed for a C=1.62*A target at 1525. There is also a 23% retrace target at 1513.
Alternate (blue) count is that the ascending triangle for wave (4) of minor 5 of major [3]-P3-C3 completed today at 1546, that wave (5) of minor 5 is underway head for a (5)=(1) target of 1578. There is also a minor 5=1 target at 1590.
The alternate (blue) count is invalidate on break below 1539, which would confirm the primary count.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
AAPL: AAPL is again at an inflection point with the primary vs alternate counts. Price must remain about 457.98 and move towards to 475 for the completion of wave iii-(3) of minor 3 of major [1]-P5 to keep the primary count going towards a major [1]-P5 target of 500-510. A break below 457.98 could signal the end of minor 4 of major [C]-P4 and usher in a move down for the completion of minor 5 of major [C]-P4, where [C]=[A] at 396. Notice that the move to 470 today stopped at the light pink parallel down channel like that could signal the end of minor 4 of major [C]-P4 per the alternate (blue) count.
AAPL 15-min chart (EOD):
AAPL 60-min chart (EOD):
AAPL 4-hr chart (EOD):
GLD 60-min chart (EOD):
GLD 4-hr chart (EOD):
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